Morningstar

Evonik Gets Takeover Offer From Rival BASF

Provided by Dow Jones Sep 25, 2026, 2:02:00 PM

By Najat Kantouar

Evonik said it received a takeover approach from rival BASF for all its shares.

In European afternoon trading, Evonik shares were up 9% at 19.69 euros. Year to date, shares have risen more than 40%.

The German chemical company said Friday that no talks are currently under way regarding the non-binding takeover approach. Evonik's market capitalization stands at 8.42 billion euros ($9.58 billion), according to LSEG.

RAG-Stiftung, which holds a 43.8% stake in Evonik, said it was contacted by BASF regarding the potential takeover offer.

BASF declined to comment.

Write to Najat Kantouar at najat.kantouar@wsj.com

(END) Dow Jones Newswires

September 25, 2026 10:02 ET (14:02 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

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