Mergers & AcquisitionsMediumUpdated•Originally published 25 September 2026•Updated 25 September 2026•
1 min read
Evonik Shares Surge on Reported Takeover Approach from BASF
Key Facts
1Evonik shares gained following a report of a takeover approach from BASF.
Evonik shares gained following a report of a takeover approach from BASF. Seeking Alpha reported that BASF recently made a proposal to Evonik and its largest holders, causing Evonik shares to rise 7.2% in German trading while BASF shares fell 2.5%.
The market is reacting to potential consolidation in the German chemical sector, following a period where Evonik was already undergoing restructuring. The movement follows recent industrial context including a speech by Bundesbank President Nagel on September 20, 2026.
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.