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BASF CEO sends personal message after Evonik rejects takeover offer

BASF's CEO has personally reached out to Evonik employees after Evonik's major shareholder RAG rejected BASF's takeover offer. Evonik's chairman promised no layoffs until 2032, signaling resistance. The outcome remains uncertain, but the move highlights BASF's continued interest in consolidation in the chemicals sector.

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FDabout 12 hours agoDECredibility 28%View source

Score Breakdown

Mosaic Score5.0
Model confidence0.5
Significance0.5
Source credibility0.3

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