Q:

Two chemical giants, one possible deal: BASF and Evonik in talks

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A:

BASF SE (BASF) confirms explorations with RAG-Stiftung and Evonik Industries AG (Evonik) on a possible takeover of Evonik. The progress and outcome of the explorations are currently open.

As part of its corporate strategy, BASF is continuously examining the strategic option of acquisitions that enhance its core businesses, have a high strategic fit, promote profitable development and increase value. BASF is taking a disciplined approach.

The company will immediately inform the market in accordance with the regulatory standards, if and to the extent necessary.

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