Evonik rejected a takeover offer from BASF valued at roughly €22.15 per share, sources say, calling the price too low. BASF had proposed the acquisition earlier in the week.
Major chemical companies like BASF and Evonik upgraded full-year earnings projections following strong Q2 performance, though raw material cost inflation and geopolitical tensions remain significant h
Evonik completed the sale of its Hanau, Germany API production assets to ProChem Group to optimize its asset portfolio. The move supports Evonik's strategy to concentrate investments on complex delive
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