BASF Increases Bid for Chemicals Rival Evonik to Over €11 Billion

EXCLUSIVE Markets Deals Contact us:Provide news feedback or report an error Confidential tip?Send a tip to our reporters Site feedback:Take our Survey By Eyk Henning , Marilen Martin , and Dinesh Nair October 23, 2026 at 11:15 AM UTC Updated on October 23, 2026 at 11:39 AM UTC Takeaways by Bloomberg AI BASF SE has boosted its takeover offer for German chemicals group Evonik Industries AG to more than €11 billion ($12.3 billion), people familiar with the matter said. Ludwigshafen, Germany-based BASF has made a new bid of around €24 per share that improves on a previous proposal valuing Evonik at roughly €10.3 billion, according to the people.