Evonik Industries AG EVK
XETR · Germany · Process Industries
€20.30-0.08 (-0.39%)
Market open· · EUR · Data may be delayed
Prices may be delayed and are for informational purposes only - not investment advice.
Market open· · EUR · Data may be delayed
Prices may be delayed and are for informational purposes only - not investment advice.
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Investing.com -- Evonik Industries AG (ETR:EVKn) has rejected a €10.3 billion ($11.7 billion) takeover proposal from larger German peer BASF SE NA O.N. (ETR:BASFn), according to reporting by the Financial Times, setting the stage for potential friction among shareholders over the valuation of Europe’s embattled chemical sector.
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Evonik Industries (XTRA:EVK) is back in focus after reports that BASF SE is exploring a potential acquisition, raising fresh questions about portfolio overlap, pricing power and how a combined supplier might reshape ingredient markets. For context, Evonik Industries has seen strong momentum build ahead of the BASF headlines, with a 90-day share price return of 21.06% and a year-to-date share price gain of 45.53%. The 1-year total shareholder return of 40.25% comes after a slightly negative...
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