Germany’s BASF (BASFn.DE) said on Friday it would sell a plant in Norway and cut jobs around the world as it tries to boost profits at its health and nutrition business. BASF, the world’s biggest chemicals maker by sales, has been seeking to expand its Performance Products division that includes health and nutrition - for instance recently buying Norwegian fish oil maker Pronova - but integration of acquisitions and restructuring have weighed on profitability. The annual operating profit margin of BASF’s Performance Products division narrowed to 12.8 percent from 13.3 percent last year.
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