Evonik rises as BASF reportedly raises takeover bid

Evonik Industries AG

23/10/2026 12:48

** Shares of Evonik EVKn.DE rise 3.7% after Bloomberg News reported that rival BASF BASFn.DE had raised its offer for the German chemicals maker to more than €11 billion ($12.3 billion)
** BASF's new bid for Evonik is around €24 per share, Bloomberg wrote citing people familiar with the matter, adding that the revised offer comes with guarantees on jobs and Evonik's productions sites
** The companies said in September that BASF had approached Evonik about a possible takeover
** BASF shares were flat
($1 = 0.8934 euros)

(Reporting by Tristan Veyet)
((Tristan.veyet@thomsonreuters.com))