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BASF pursues Evonik in takeover bid

PRIVATEOct 04, 2026

Acquiring Company

BASF

Acquired Company

Evonik Industries

Ludwigshafen Am RheinNordrhein-WestfalenManufacturingBiotechnologyMiningManufacturingBiotechnologyAgriculture and Farmingchemicals

Description

BASF has made an unsolicited takeover offer for Evonik Industries AG, which Evonik rejected as too low. BASF is reportedly continuing its acquisition plans despite no talks currently taking place. The offer was estimated at €22.15 per share, equating to about €10.3 billion, amidst market speculation.

Company Information

Company

BASF

Location

Ludwigshafen Am Rhein, Rhineland Palatinate, Germany

About

BASF is the largest chemical producer in the world, with a diverse portfolio spanning chemicals, materials, and solutions. The company focuses on sustainability and innovation in its offerings. BASF operates globally, delivering products for various industries.

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Frequently asked

Who acquired Evonik Industries?

Evonik Industries was acquired by BASF, based in Ludwigshafen Am Rhein. The deal was reported on October 4, 2026. BASF is the largest chemical producer in the world, with a diverse portfolio spanning chemicals, materials, and solutions. The company focuses on sustainability and innovation in its offerings. BASF is privately held and operates in Manufacturing.

When did BASF acquire Evonik Industries?

BASF's acquisition of Evonik Industries was reported on October 4, 2026. BASF has made an unsolicited takeover offer for Evonik Industries AG, which Evonik rejected as too low. BASF is reportedly continuing its acquisition plans despite no talks currently taking place. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Evonik Industries do?

Evonik Industries is a leading specialty chemicals company with a focus on high-performance materials and innovative products. It operates in various market sectors including automotive, health, and nutrition. It is publicly traded (EVKIF), operating in Manufacturing, and is based in Nordrhein-Westfalen.

This company was part of an acquisition. Fundz tracks who bought whom, and who to call on both sides.

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