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Evonik corporate investment and BASF takeover interest

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2026-09-25 13:55 UTC → 2026-09-25 17:23 UTC · added removed

Evonik corporate investment and acquisition reports BASF takeover interest

German chemical company Evonik has undertaken significant operational and strategic developments. In mid-September 2026, the company announced an 80 million euro investment in its Slovenská Ľupča plant in Slovakia. This project aims Slovakia to expand biotechnological capacities and contract manufacturing for the pharmaceutical industry, with an expected completion date in early 2028. Shortly after, Following reports emerged of a potential takeover, Evonik confirmed on September 25, 2026, that BASF is exploring has made a multi-billion euro takeover of Evonik. According non-binding approach to acquire the Financial Times, BASF company through a voluntary public takeover bid for all shares. While interest has allegedly approached Evonik been documented, both companies stated that formal negotiations are not currently taking place. The potential deal is significant, with Evonik’s market valuation exceeding 8 billion euros and a total enterprise value estimated at approximately 12 billion euros. BASF’s interest is reportedly part of a strategic effort to strengthen its largest shareholder, core business and compete against Chinese manufacturers amidst a broader crisis in the European chemical industry marked by high energy costs. The RAG-Stiftung, regarding potential merger plans. While BASF which holds a decisive 43.8 percent stake in Evonik, confirmed it has declined to comment on market rumors, been contacted regarding the news caused matter. This development occurs as both companies undergo restructuring; Evonik shares to rise by up has announced plans to eleven percent. cut more than 3,200 jobs, while BASF has previously implemented significant global workforce reductions.

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  1. 2026-09-25 17:23 UTC Evonik corporate investment and BASF takeover interest
  2. 2026-09-25 13:55 UTC Evonik corporate investment and acquisition reports

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