Deals·October 22, 2026 at 9:28 AM EDT·1 source
BASF Pledges Evonik Job Guarantees as Takeover Push Builds
acquisition, log scale$12B
$100M$1B$10B$100B
What happened
- BASF CEO promised to honor Evonik’s existing job guarantees through 2032.
- BASF stepped up lobbying efforts for a €10.3 billion ($11.5 billion) takeover of Evonik.
Takeover value
€10.3 billion ($11.5 billion)
Job guarantees through
2032
Why it matters
The reported commitment could affect stakeholder support and execution considerations for BASF’s proposed acquisition of Evonik, with implications for M&A and credit professionals.
Deal terms
acquisition
BASF SE → Evonik Industries AG
Value
$12B
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Who is involved
acquiringBASF Pledges Evonik Job Guarantees as Takeover Push BuildsEvonik Industries AGtargetBASF SEbuyer
CompanyThe deal
Sources (1)
- BloombergOct 22BASF Pledges Evonik Job Guarantees as Takeover Push Builds
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