https://www.live-feeds.com/feed/basf-makes-takeover-approach-for-chemicals-rival-evonikContinuously updated, source-cited coverage. https://www.live-feeds.com/feed/basf-makes-takeover-approach-for-chemicals-rival-evonikhttps://www.live-feeds.com/feed/basf-makes-takeover-approach-for-chemicals-rival-evonik#u91452Wed, 30 Sep 2026 15:52:28 +0000Chemicals giant BASF has approached German rival Evonik Industries with a nonbinding takeover proposal. BASF reached out to Evonik management and its primary shareholder, the RAG-Stiftung foundation, aiming to consolidate the struggling European chemicals sector. Evonik confirmed receiving the nonbinding approach from its larger peer in response to media reports, though specialty chemicals maker Evonik rejected the initial offer after deeming it too low according to people familiar with the matter. The proposed transaction targets a group valued at roughly €12 billion.Why it mattersA combinati