BASF explores Evonik deal as RAG Foundation weighs selling 43% stake

Sep 30, 2026 02:35 (24d ago)

BASF confirmed exploratory talks with RAG-Stiftung and Evonik Industries AG on September 26.
RAG Foundation currently holds around 43% of Evonik and could sell its entire stake, subject to trustee approval.
The foundation had previously targeted a 25.1% blocking minority as BASF pursued Evonik during deep industry consolidation.

BASF confirmed on September 26 that it was holding exploratory talks with RAG-Stiftung and Evonik Industries AG, while RAG Foundation said it could sell its entire stake in Evonik. The foundation currently owns around 43% and has previously said it aimed to reduce the holding to a 25.1% blocking minority. Any additional sale, including a complete divestment, requires approval from its board of trustees, as BASF pursues a potential takeover of Evonik amid consolidation in the global chemical industry.