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Evonik currently unaware of any BASF takeover approach, says source

Evonik currently unaware of any BASF takeover approach, says source

- Evonik EVKn.DE is currently not aware of any takeover approach by BASF BASFn.DE, a source familiar with the matter said on Friday, after the Financial Times reported that BASF had recently made a merger proposal to Evonik and its biggest shareholder RAG Foundation.

An Evonik spokesperson declined to comment on the report.


(Reporting by Matthias Inverardi, editing by Kirsti Knolle and Friederike Heine)

((kirsti.knolle@thomsonreuters.com;))

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