BASF confirms Evonik talks as BASF stock trades 7.65 percent below its high

Published on 10/06/2026 at 12:02 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Evonik rejected BASF's EUR 10.30 billion bid on September 28, 2026. BASF stock costs EUR 50.84 on October 6, 2026 versus EUR 50.41, plus 0.85 percent.

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BASF confirmed exploratory talks with Evonik and the RAG Foundation about a possible takeover on September 25, 2026, according to BASF. BASF stock was trading at EUR 50.84 at Lang & Schwarz on October 6, 2026 at 12:00 p.m. CEST, placing it 7.65 percent below the 52-week high of EUR 55.05.

Evonik bid meets political resistance

The takeover story remains the central company-specific factor because the offer would reshape BASF's portfolio and balance the group toward more customer-facing businesses. Reuters reported on October 5, 2026 that North Rhine-Westphalia said Evonik jobs and the company's independence must not be called into question.

Reuters reported on September 28, 2026 that Evonik rejected BASF's EUR 10.30 billion offer, which implied EUR 22.15 per Evonik share. For BASF, the political response adds an execution risk to the potential synergies that management cited when it confirmed the exploratory talks.

Second-quarter figures support the case

BASF reported revenue of EUR 17.21 billion for the second quarter of 2026, up 9.11 percent from EUR 15.77 billion in the prior-year quarter. The same report showed earnings per share of EUR 4.78, compared with EUR 0.09 in the second quarter of 2025, according to finanzen.ch.

The figures give the proposed transaction a stronger operating backdrop, but they do not remove the integration question. BASF had total assets of EUR 83.87 billion at June 30, 2026, while net income for the second quarter was EUR 4.14 billion, according to the standardized financial statement for the period.

Agricultural IPO adds a second catalyst

BASF is also preparing its Agricultural Solutions business for possible IPO readiness by mid-2027. In its September 14, 2026 release, BASF said about 80 percent of the unit had moved into separate legal entities and that a Capital Markets Day is scheduled for November 24, 2026.

Stock remains below yearly high

BASF stock was trading at EUR 50.84 at Lang & Schwarz on October 6, 2026, up 0.85 percent from the prior close of EUR 50.41. The quote stands EUR 4.21 below the 52-week high, while the finance calendar cited by finanzen.ch places the next quarterly report on October 28, 2026.

The further course of trading is shown by the continuously updated real-time quote of BASF stock.