Evonik declines negotiations with BASF and offers confidential information exchange
Key highlights
- BASF sent a letter dated October 22, 2026 expressing interest in a voluntary public takeover offer.
- Evonik’s Executive Board decided not to enter into negotiations with BASF SE.
- The Board reaffirmed its focus on Evonik’s strategic direction and development as an independent company.
- The Board is willing to engage in a purely informational and confidential exchange to explain its position and allow BASF to outline its rationale.
Decision
The Executive Board of Evonik Industries AG has decided not to enter into negotiations with BASF SE based on the information available.
Independence and strategy
The Board remains focused on its strategic direction and on further developing Evonik as an independent company.
Information exchange
At the same time, the Executive Board expressed willingness to engage in a purely informational and confidential exchange with BASF SE to explain Evonik’s position and to give BASF the opportunity to outline its rationale and key considerations.
Background
The contact follows a letter from BASF SE dated October 22, 2026, expressing interest in making a voluntary public takeover offer.
Source: Evonik