What the report says
BASF SE recently floated a merger proposal to rival Evonik Industries AG, according to the Financial Times, which framed the move as an effort by BASF to diversify both where it operates and what it sells. The outlet said on Friday that its reporting relied on people familiar with the discussions who were not identified.
Market reaction
In Frankfurt trading, BASF shares slipped as much as 3.4%. Evonik jumped 11% in intraday action, marking its largest intraday rise since March 2025. Investors clearly noticed.
Company details and timing
According to the Financial Times, BASF has held discussions with banks this year regarding a possible takeover and continues to pursue a potential transaction. Evonik, which is based in Essen, said through a spokesperson that it would provide a response later on Friday. BASF declined to comment.
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Valuation, comments, and what to watch
At Thursday's close, Evonik's market value stood at €8.4 billion, or $9.6 billion. The Financial Times reported that BASF declined to comment and that an Evonik spokesperson planned to respond later on Friday. For investors, the notable price moves, the ongoing bank talks this year, and the companies' initial public signals are the key breadcrumbs to track as this story develops.
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