Overview
- BASF has formally approached Evonik with a preliminary, non‑binding proposal that Evonik described as an unverbindliche "Ansprache" aimed at a voluntary takeover.
- RAG‑Stiftung told members that its Kuratorium was informed about BASF's interest in an online meeting and said the details of that briefing are confidential.
- Some media reports have named a price of €22.15 per share and said the offer was rejected but those specific price and rejection claims have not been confirmed by all parties.
- RAG‑Stiftung holds about 43% of Evonik and uses its assets, which had a reported book value of €15.9 billion at end‑2025, to finance long‑term costs from Germany's closed hard‑coal mining.
- Evonik says no active negotiations are under way while BASF says the exploration remains open, so next steps to watch are any formal offer, a public sale decision by RAG‑Stiftung, or renewed talks between the companies.