BASF approaches Evonik over possible takeover
BASF made a takeover approach for German chemicals rival Evonik, according to the Financial Times and Business Insider. The potential transaction would be a significant consolidation of Europe's fragmented chemicals industry. Evonik shares gained after the report, but the RSS material did not disclose proposed terms, timing or either company's formal response.
Why it matters
A combination would reshape Europe's chemicals sector and test whether scale can offset prolonged pressure on the industry.
Sources
finite. summarises the reporting above and links to each original. We do not reproduce full articles. Read the sources for complete coverage.
Part of the September 26, 2026 brief.