Deals·October 23, 2026 at 7:15 AM EDT·1 source
BASF Increases Bid for Chemicals Rival Evonik to Over €11 Billion
acquisition, log scale$12B
$100M$1B$10B$100B
What happened
- BASF SE boosted its takeover offer for Evonik Industries AG to more than €11 billion.
- The offer is valued at $12.3 billion, according to people familiar with the matter.
Offer value
more than €11 billion
Dollar value
$12.3 billion
Why it matters
The higher bid could affect valuation, financing needs and competitive dynamics in the chemicals sector. Credit and M&A professionals will watch the transaction’s funding and execution prospects.
Deal terms
acquisition
BASF SE → Evonik Industries AG
Value
$12B
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Who is involved
acquiringBASF Increases Bid for Chemicals Rival Evonik to Over €11 Bil…Evonik Industries AGtargetBASF SEbuyer
CompanyThe deal
Sources (1)
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