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Evonik rejects BASF takeover bid of 10.3 billion euros
BASF has launched an initial, non-binding takeover attempt for specialty chemicals producer Evonik Industries, offering approximately 22.15 euros per share. The total value of the offer is estimated at roughly 10.3 billion euros, which would value Evonik at approximately 14.2 billion euros when including debt.
Evonik's management has rejected the proposal, characterizing the price as insufficient to initiate formal negotiations. The company's leadership stated they are currently focusing on their own strategic tasks. The RAG-Stiftung, which holds approximately 44 percent of Evonik's shares, is also a key player in the potential transaction.
The chemical union IGBCE has expressed skepticism regarding the deal, raising concerns about the impact on jobs and industrial sites. Meanwhile, analysts at DZ Bank have raised their price target for Evonik shares from 21.00 euros to 22.00 euros. Evonik has also recently increased its 2026 adjusted EBITDA forecast to a range of 2.0 billion to 2.2 billion euros.
Entities
BASF · BASF SE · Claus Rettig · Evonik · Evonik Industries · Evonik Industries AG · Germany · IGBCE · RAG-Stiftung
Claims
What the coverage asserts, and how many sources carry each claim.
- [● 5 SOURCES] BASF proposed a takeover price of approximately 22.15 euros per share. www.sbctv.gr · www.n-tv.de · www.aktiencheck.de · www.jungewelt.de
- [○ 1 SOURCE] DZ Bank analysts raised their price target for Evonik shares from 21.00 euros to 22.00 euros. www.4investors.de
- [● 6 SOURCES] Evonik rejected a takeover offer from BASF, stating the price was insufficient to initiate formal negotiations. www.sbctv.gr · www.n-tv.de · www.ikz-online.de · www.aktiencheck.de · www.jungewelt.de
- [○ 1 SOURCE] Evonik increased its 2026 adjusted EBITDA forecast to a range of 2.0 billion to 2.2 billion euros. www.4investors.de
- [● 3 SOURCES] The chemical union IGBCE expressed skepticism regarding the takeover, citing concerns for jobs and industrial sites. www.saarbruecker-zeitung.de · www.ikz-online.de
- [● 5 SOURCES] The RAG-Stiftung holds approximately 44 percent of Evonik's shares. www.4investors.de · www.saarbruecker-zeitung.de · www.n-tv.de · www.ikz-online.de
- [● 3 SOURCES] The proposed takeover would value Evonik at approximately 14.2 billion euros including debt. www.n-tv.de · www.faz.net
- [● 6 SOURCES] The total value of the BASF offer for Evonik is approximately 10.3 billion euros. www.sbctv.gr · www.aktiencheck.de · www.jungewelt.de · www.n-tv.de