BASF CEO calls a possible Evonik merger logical and meaningful
BASF CEO Markus Kamieth said a combination with Evonik would make sense. Per Reuters, BASF has raised its takeover offer for Evonik to €24 per share.
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what happened
Markus Kamieth, chief executive of German chemical maker BASF, told analysts on a post-earnings call on Wednesday that a combination with Evonik would be a logical and meaningful step. Citing two people close to the deal, Reuters reported that BASF has increased its takeover offer for Evonik to €24 per share.
“We will only pursue a potential transaction if it is value accretive for our shareholders,” Kamieth said. He added that the group would not overpay, and that acquisitions are “a could do, not a must do” in its strategy.
why it matters
For the market, the terms matter: BASF is stressing valuation discipline and a willingness to walk away if a deal would not benefit its shareholders. The final price and the outcome of talks are not yet settled, so investors will watch for further statements from both companies.
market impact
Shares of BASF and Evonik: a possible deal and the offer price shape investor expectations
tags
instruments
sources
- BASF chief says merger with Evonik would be logical and meaningful — Reuters, 28 October 2026 at 07:52 UTC
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