Evonik Rebuffs BASF's €10.3 Billion Approach as Earnings Upgrade Complicates Price Debate
15 Articles
15 Articles
Westfalenpost
Evonik management stresses that there are no talks with BASF. The trade union IGBCE sees "many open and critical questions".
Blockchain.com's IPO target, Quartermaster's $100m, and Evonik says no to €10.3b
BASF wants to take over Evonik, but the union, the state of NRW and the Essener Group are slowing down. For thousands of employees, it's about locations and security.
According to the chemical company Evonik Insider, almost 30 percent surcharge on the share price and an overall assessment of 14 billion euros is not enough. And so the company rejects the first takeover offer of the industry giant BASF.
The chemical union warns: Larger corporations do not automatically provide security for jobs and locations. IGBCE CEO Vassilidis calls for future prospects for employees.
A first offer from BASF rejects Evonik. However, the position of the RAG Foundation remains crucial. Politics and trade unions play a strong role. Conflicts of interest are lurking.
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