BASF confirms Evonik takeover talks as initial offer reportedly falls flat
BASF has confirmed talks over a potential takeover of its specialty chemicals competitor Evonik. The move could reshape Europe’s cosmetic ingredients supply base, consolidating two of the region’s largest suppliers of skin care actives, emollients, and surfactants.However, Evonik has reportedly already turned down BASF’s first proposal as too low. The German chemical giant offered about €22.15 (US$25.16) per share, valuing Evonik’s equity at roughly €10.3 billion (US$11.7 billion). The Financial Times (FT) called the nearly 29% premium to Evonik’s share price “sizeable.”This Technical Paper is brought to you by Ashland.
LeNose CEO Caroline Valentini discusses the launch of Soap de Parfum, a five-product hand-wash range combining luxury fragrance with vegan, cruelty-free, and “endocrine-conscious” formulations. She tells us about the brand’s Gen Z and Millennial focus, accessible pricing, and why this launch was an important first step into personal care for the company.
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LeNose CEO Caroline Valentini discusses the launch of Soap de Parfum, a five-product hand-wash range combining luxury fragrance with vegan, cruelty-free, and “endocrine-conscious” formulations. She tells us about the brand’s Gen Z and Millennial focus, accessible pricing, and why this launch was...
































