BASF confirms exploratory takeover talks for Evonik
Key highlights
- BASF confirms exploratory talks with RAG‑Stiftung and Evonik Industries regarding a potential takeover.
- The course and outcome of the exploratory talks remain open at this stage.
- BASF says it continuously evaluates acquisitions that strengthen core businesses, deliver strategic fit and drive profitable growth.
- The company will inform the market without delay if and to the extent regulatory disclosure is required.
Exploratory talks
BASF confirms exploratory talks with RAG‑Stiftung and Evonik Industries AG regarding a potential takeover. The company says the course and outcome of these discussions remain open at this stage.
Strategic rationale and next steps
As part of its corporate strategy, BASF states it continuously evaluates acquisitions that strengthen its core businesses, deliver a strong strategic fit, drive profitable growth and create value, and that it applies a disciplined approach to such evaluations. BASF will inform the market in accordance with regulatory requirements without delay, if and to the extent required.
Source: BASF