{
  "id": 10469518,
  "title": "Chemie: Evonik weist erste Übernahmeofferte von BASF zurück",
  "url": "https://urgent.news/2026/09/28/chemie-evonik-weist-erste-ubernahmeofferte-von-basf-zuruck",
  "topic": "business",
  "section": "Business",
  "published": "2026-09-28T14:29:34.000Z",
  "source": {
    "name": "Handelsblatt",
    "slug": "handelsblatt",
    "url": "https://www.handelsblatt.com/unternehmen/industrie/chemie-evonik-weist-erste-uebernahmeofferte-von-basf-zurueck/100257997.html"
  },
  "original_language": "de",
  "account": "Düsseldorf - The German chemicals company Evonik has rejected a preliminary takeover offer from rival BASF. Just a few days prior, BASF approached Evonik with a merger proposal offering a purchase price of about ten billion euros. According to insiders, Evonik management had been dismissive of the approach from the outset and informed BASF of this stance on Monday. This does not mark the end of the takeover standoff, however, as the insider noted that the first proposal of a merger should serve as the basis for negotiations. However, there are still no talks between the companies. Evonik declined to comment on the matter. A key player in this poker game will be the Essen-based RAG Foundation, which holds a major stake in Evonik. BASF had also sent an unbinding takeover proposal to the foundation, which is worth around ten billion euros, or approximately 22 euros per Evonik share. On Monday, Evonik shares rose by two percent to 19.77 euros. The Chemical Workers' Union IG BCE expressed criticism on Monday about the plan, with its chief Michael Vassiliadis calling for concrete assurances for sites and employees in the event of a potential takeover by BASF.",
  "summary": "Das Management lehnt den Vorstoß von BASF für eine Fusion ab. Die Schlüsselrolle in dem Poker wird aber die RAG-Stiftung spielen. Gewerkschafter sehen das Projekt kritisch.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 3,
    "also_reported_by": [
      {
        "outlet": "Handelsblatt",
        "title": "Chemistry: BASF reportedly interested in acquiring Evonik – shares react strongly",
        "url": "https://urgent.news/2026/09/25/chemie-basf-laut-bericht-an-evonik-ubernahme-interessiert-aktien",
        "published": "2026-09-25T11:52:12.000Z"
      },
      {
        "outlet": "NZZ Wirtschaft",
        "title": "ECONOMIC NEWS - The German chemical company BASF apparently is working on a takeover of competitor Evonik",
        "url": "https://urgent.news/2026/09/25/meldungen-wirtschaft-der-deutsche-chemiekonzern-basf-arbeitet",
        "published": "2026-09-25T13:16:24.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}