BASF stock faces an Evonik setback after earnings improve

Published on 09/29/2026 at 08:10 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

BASF stock was trading at EUR 50.28 on September 28, 2026, as Evonik rejected its takeover approach. Q2 sales rose 16 percent to EUR 17.2 billion.

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BASF stock (ISIN DE000BASF111) was trading at EUR 50.28 on Xetra on September 28, 2026, down 0.28 percent from the prior close of EUR 50.42. The key corporate issue is the proposed Evonik takeover, which BASF confirmed as exploratory on September 25, 2026, while Evonik rejected the approach as too low on September 28, 2026.

Evonik raises the deal hurdle

According to BASF, discussions with Evonik and the RAG Foundation concern a possible takeover, but the course and outcome remain open. Reuters reported on September 28, 2026, that Evonik had rejected the offer as too low.

The deal would add specialty chemicals exposure, but the immediate valuation hurdle is clear: BASF is pursuing a transaction while its own shares sit 8.67 percent below their 52-week high of EUR 55.05. That makes financing discipline and strategic fit central to the market debate.

Q2 earnings support the case

EQS News reported BASF's preliminary Q2 2026 figures on July 15, 2026. Sales rose 16 percent year over year to EUR 17.2 billion from EUR 14.8 billion, while EBITDA before special items increased to EUR 2.4 billion from EUR 1.6 billion.

BASF also lifted its full-year 2026 EBITDA before special items guidance to EUR 6.9 billion to EUR 7.7 billion, compared with the earlier EUR 6.2 billion to EUR 7.0 billion range. The earnings upgrade gives management a stronger financial argument for acquisitions, although Q2 free cash flow was negative EUR 0.2 billion compared with positive EUR 0.5 billion a year earlier.

Stock stays below yearly high

BASF stock was last at EUR 50.28 on Xetra at 5:37 p.m. CEST on September 28, 2026. The session range was EUR 49.46 to EUR 50.70, volume reached 2,099,132 shares, and market capitalization stood at EUR 43.4 billion.