Evonik rises on unit sale plans, report on BASF M&A interest

BASF SE

22/09/2026 14:38

Adds report on possible BASF M&A interest
** Shares in Evonik EVKn.DE rise 3% after the German chemicals group said it would divest two units as part of its reorganization process, which will enter a second phase in 2027
** Separately, Dealreporter said that BASF BASFn.DE has held talks with Evonik this year about a potential transaction, citing people familiar with the matter
 ** BASF declined to comment
** Evonik intends to divest Syneqt, which groups together its infrastructure assets, and is in talks to sell C4 chemicals maker Oxeno, which Berenberg analyst Sebastian Bray says might be the reason for the share move
** The shares are on track for their best day since late July if the gains hold and have risen 33% YTD

(Reporting by Anastasiia Kozlova and Stefanie Geiger)
((Anastasiia.Kozlova@thomsonreuters.com))