Takeover Plans: No Negotiations Between BASF and Evonik
9 Articles
9 Articles
A meeting of the Chief Executive and Chief Finance Officers has not changed Evonik's negative attitude. Why the companies still talked to each other.
A meeting of the Chief Executive and Chief Finance Officers has not changed Evonik's negative attitude. Why the companies still talked to each other.
BASF wants to take over Evonik. However, the Essen competitor doesn't think much of the idea, nor does a top meeting on the weekend bring any rapprochement. One reason: Evonik has its own expansion plans.
The bosses of the chemical companies met for the first time this weekend for talks. According to Handelsblatt information, concrete negotiations are not in sight.
Evonik has a good quarterly balance sheet and wants to be independent, but does not reject the further exchange with interested parties.
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