German chemical giant BASF has confirmed that it is holding early, exploratory discussions with Evonik and its primary shareholder regarding a potential takeover. The course and outcome of these exploratory talks remain open at this stage.

As part of its corporate strategy, BASF continuously evaluates the strategic option of acquisitions that strengthen its core businesses, deliver a strong strategic fit, drive profitable growth and create value. In doing so, BASF takes a disciplined approach.

BASF will inform the market in accordance with regulatory requirements without delay, if and to the extent required.

The success of this takeover ultimately rests with the RAG Foundation (RAG-Stiftung), which holds a controlling 43.8% stake in Evonik.