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BASF proposes takeover of Evonik for €10.3 billion

PRIVATEOct 05, 2026

Acquiring Company

BASF

Acquired Company

Evonik

Ludwigshafen Am RheinGlobalManufacturingBiotechnology

Description

BASF has entered exploratory talks regarding a potential takeover of Evonik, following a rejected bid of €10.3 billion. The RAG-Stiftung, which owns 43% of Evonik, is also involved in the discussions surrounding the sale. Despite the initial rejection of the bid, the possibility of a negotiation remains open as both companies reassess their positions.

Company Information

Company

BASF

Location

Ludwigshafen Am Rhein, Rhineland Palatinate, Germany

About

BASF is a global chemical company and the largest producer of chemicals in the world. It operates in various segments including chemicals, materials, industrial solutions, surface technologies, and nutrition & care. The company emphasizes sustainability and innovation in its product offerings.

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Frequently asked

Who acquired Evonik?

Evonik was acquired by BASF, based in Ludwigshafen Am Rhein. The deal was reported on October 5, 2026. BASF is a global chemical company and the largest producer of chemicals in the world. It operates in various segments including chemicals, materials, industrial solutions, surface technologies, and nutrition & care. BASF is privately held and operates in Manufacturing.

When did BASF acquire Evonik?

BASF's acquisition of Evonik was reported on October 5, 2026. BASF has entered exploratory talks regarding a potential takeover of Evonik, following a rejected bid of €10.3 billion. The RAG-Stiftung, which owns 43% of Evonik, is also involved in the discussions surrounding the sale. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Evonik do?

Evonik is one of the world leaders in specialty chemicals, active in more than 100 countries around the world and generated sales of €15.3 billion in 2023. It is privately held, and is based in Global.

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