Deutschland-Gipfel: „Zwei starke Spieler“: BASF-Chef begründet Übernahmepläne für Evonik
Markus Kamieth äußert sich auf dem Deutschland-Gipfel erstmals indirekt zum Übernahmeangebot. Er sieht in der Kombination mit dem Spezialchemieanbieter eine starke industrielle Logik.
Berlin - BASF CEO Markus Kamieth highlighted the impending wave of mergers and acquisitions within the chemical industry at the Germany Summit held by Handelsblatt and WirtschaftsWoche in Berlin. Speaking on Wednesday, he stated that as the market leader, BASF intends to capitalize on these opportunities. Earlier this month, BASF presented a purchase offer for Essen-based competitor Evonik worth approximately ten billion euros, which Evonik's board subsequently rejected.
While Kamieth did not directly address the Evonik offer on the Germany Summit podium, he explained the rationale behind interest in acquisitions, attributing it to industrial logic. "A combination between BASF and another strong player in specialty chemicals makes a great deal of sense," he asserted. BASF could contribute its dominance in basic chemicals to such a merger, Kamieth elaborated.
The conglomerate manufactures fundamental products in large quantities at its production sites, which are subsequently processed into premium specialty chemicals. Evonik ranks second in Germany after BASF, focusing on lucrative specialty chemical products. These were the first public remarks by the CEO following the announcement of the company's move.
To date, BASF has only confirmed exploratory talks with Evonik, with the progress and outcome of these discussions remaining unclear.
Written by urgent.news from Handelsblatt's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
