BASF Confirms Exploratory Takeover Talks with Evonik and RAG-Stiftung
BASF has confirmed it is holding exploratory discussions with Evonik Industries AG and major Evonik shareholder RAG-Stiftung regarding a potential takeover of Evonik. The announcement, made on 25 September 2026, marks an early-stage development with no financial terms disclosed and the outcome described as open. The possible combination is relevant to the animal nutrition and feed ingredient sectors given Evonik's significant role in specialty amino acid production.
BASF confirmed on 25 September 2026 that it is conducting exploratory talks with Evonik Industries AG and RAG-Stiftung over a potential takeover of Evonik, a development that could reshape the European specialty chemicals landscape — including key feed-ingredient supply chains.
The German chemicals group said the discussions involve both Evonik and RAG-Stiftung, which holds a major shareholding in Evonik. BASF stressed that "the course and outcome of the discussions remain open at this stage" and has not disclosed any financial details, including a possible offer price or transaction structure.
BASF described the approach as consistent with its ongoing corporate strategy, stating that it "continuously evaluates acquisitions that can strengthen its core businesses, provide a strong strategic fit, support profitable growth and create value." The company added that it "follows a disciplined approach when considering potential acquisitions."
Evonik is a significant supplier to the animal nutrition industry, operating across specialty chemicals markets. BASF, for its part, has businesses spanning "chemicals, materials, industrial solutions, nutrition and care, as well as standalone agricultural and surface technologies operations," according to the source. A potential combination would bring together two large German chemical companies with extensive international operations.
The possible deal comes amid broader pressures on European chemical producers. Reuters, as cited by Dairy Dimension, reported that the potential takeover "could strengthen BASF's portfolio as European chemical companies face increasing competition from China."
BASF reported approximately €60 billion in sales in 2025 and employs around 95,000 people globally. The company is also separately preparing to make its Agricultural Solutions unit a standalone business.
Financial markets reacted swiftly. Reuters reported that Evonik shares rose 7.6% following reports of the approach, while BASF shares declined 3.4% during trading on 25 September. These movements reflect investor reaction to the possibility of a major corporate transaction rather than confirmation that a deal will be completed, according to the source.
Prepared with AI assistance and reviewed by the editorial team.
