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    BASF raises Evonik offer to over €11 billion, Bloomberg News reports

    Picture of Evonik Industries AG logoEvonik Industries AG
    23/10/2026 12:35
    BASF raises Evonik offer to over €11 billion, Bloomberg News reports
    Oct 23 (Reuters) - Germany-based BASF BASFn.DE has increased its takeover offer for chemicals manufacturer Evonik Industries EVKn.DE to more than €11 billion ($12.31 billion), Bloomberg News reported on Friday, citing people familiar with the matter.
    BASF's new bid for Evonik is around €24 per share, the report said, adding that the revised offer comes with guarantees on jobs and Evonik's productions sites.
    Reuters could not immediately verify the report.
         
    ($1 = 0.8933 euros)

    (Reporting by Sathvi G Bhat in Bengaluru; Editing by Jonathan Ananda)
    ((Sathvi.GBhat@thomsonreuters.com))

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