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BASF makes voluntary offer to buy all Evonik shares

By Drooid · · How we work

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Story summary
  • BASF has made a voluntary public offer to acquire all Evonik shares.
  • Evonik confirmed receipt of the non-binding approach and stated that negotiations have not begun.
  • RAG Foundation, owning 43% of Evonik, was also contacted by BASF about the proposal.
  • Following the news, Evonik shares rose about 8% while BASF shares fell roughly 3%.