08:00 AM EDT, 09/25/2026 (MT Newswires) -- German chemicals company BASF (BAS.F) made a takeover approach to its peer Evonik Industries (EVK.F), London's Financial Times reported Friday, citing people familiar with the matter. BASF sent its merger proposal to Evonik and its 43% shareholder, the RAG-Stiftung foundation, which the publication said would be key to any possible deal. Any agreement is expected to be sizeable, but sources said there is no guarantee that the talks would progress to a deal. BASF and Evonik did not immediately respond to requests for comment from MT Newswires. (Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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