Evonik Industries Rejects BASF Takeover Offer

Evonik Industries AG announced on October 30, 2026, that its Executive Board decided not to enter takeover negotiations with BASF SE. The decision follows a letter sent by BASF on October 22 expressing interest in making a voluntary public takeover offer for the company.

Evonik stated it remains committed to its current strategic direction and intends to continue operating as an independent business. While rejecting the formal takeover talks, the company expressed a willingness to engage in a confidential, informational exchange with BASF. This dialogue is intended to allow Evonik to explain its position and permit BASF to outline the rationale behind its interest in the acquisition.