BASF raises Evonik takeover bid to over EUR 11 billion

· Lubricants & Chemicals · Germany

BASF has raised its takeover offer for Evonik Industries to more than EUR 11 billion (USD 12.3 billion), Bloomberg reported, citing people familiar with the matter. The Ludwigshafen-based company's new bid is around EUR 24 (USD 26.83) per share, improving on an earlier proposal. The move marks an escalation in BASF's pursuit of Evonik, a specialty chemicals producer. If completed, a deal at this scale would reshape Germany's chemicals sector, consolidating two of the country's largest players. The report cites unnamed sources and the companies have not confirmed terms publicly, so the outcome and timing of any agreement remain uncertain.

Why it matters：A deal of this size would consolidate two major German chemicals producers and could reset competitive dynamics and specialty-chemicals pricing across Europe.

Key points

  • New bid is about EUR 24 per share, above the previous proposal
  • Offer valued at more than EUR 11 billion (USD 12.3 billion)
  • Reported by Bloomberg, citing people familiar with the matter

Sources (original reporting)

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