Handelsblatt41 minutes agoBusiness1 min readGermany

BASF is examining a possible takeover of Evonik

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According to media reports, the chemical company BASF is examining a possible takeover of its competitor Evonik.
Initial contacts with the RAG Foundation and Evonik have been made, although the success of the plans is still uncertain.
The share prices of both companies reacted significantly.

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Why It Matters

BASF is examining strategic options for possible expansion through the acquisition of Evonik.

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The Ludwigshafen-based company contacted both Evonik itself and the main shareholder, the RAG Foundation. There is no result yet, and it is not certain that a takeover will ultimately take place. BASF has already contacted banks about a possible takeover and is still working on the plans, the FT reports.

Both stocks reacted significantly to the report. While BASF shares fell by a good 2.5 percent, Evonik shares in the MDax rose by around ten percent.

Open Questions

Will the RAG Foundation agree to a sale?
How high would the potential takeover offer be?

BASF is examining a possible takeover of Evonik

Quick Look

According to media reports, the chemical company BASF is examining a possible takeover of its competitor Evonik.
Initial contacts with the RAG Foundation and Evonik have been made, although the success of the plans is still uncertain.
The share prices of both companies reacted significantly.

AI-generated summary