Evonik considering purchase of US peer such as Ashland, Handelsblatt says

BASF SE

Yesterday 11:59

FRANKFURT, Oct 22 (Reuters) - German chemicals maker Evonik EVKn.DE, the target of takeover interest by larger peer BASF BASFn.DE, has itself been looking into the acquisition of a US rival, eyeing Ashland ASH.N in particular, Handelsblatt newspaper reported on Thursday.
The paper cited unspecified sources familiar with the matter.
It added the considerations have been ongoing for a while now but were still at an early stage.

 (Reporting by Ludwig Burger
Editing by Linda Pasquini)
 ((ludwig.burger@thomsonreuters.com))