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BASF confirms talks on Evonik takeover, says outcome remains open

BASF confirms talks on Evonik takeover, says outcome remains open

- German chemicals group BASF BASFn.DE on Friday confirmed it is holding exploratory talks with Evonik EVKn.DE and its largest shareholder, RAG Foundation, about a potential takeover of its smaller rival.

"The course and outcome of these exploratory talks remain open at this stage", BASF said in a statement.


(Reporting by Rachel More)

((rachel.more@thomsonreuters.com;))

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