Mergers & AcquisitionsMediumUpdated×3•Originally published 25 September 2026•Updated 25 September 2026•
1 min read
BASF Confirms Initial Talks to Acquire Rival Evonik
Key Facts
1Evonik shares gained following a report of a takeover approach from BASF.
BASF confirmed it has entered initial talks to acquire its rival Evonik to bolster its position in the European chemicals industry. The company stated that the move aims to integrate operations and expand its footprint across the continental market.
Markets reacted to the official confirmation after initial reports had already caused Evonik shares to rise 7.2% and BASF shares to fall 2.5%. These talks occur as Evonik continues an internal restructuring process designed to improve operational efficiency.
Latest Updates · 1
- Notable·
Update: The Financial Times reported that BASF's merger proposal included the RAG Foundation, Evonik's largest shareholder. This development pushed Evonik shares to a three-month high during trading on September 25, 2026.