BASF Pledges Evonik Job Guarantees as Takeover Push Builds

BASF says any potential combination with Evonik would have to create value and leave the enlarged group stronger than either business on its own, CEO Martin Kamieth said, pointing to possible synergies from pairing Evonik’s operations with BASF’s network. As BASF pushes forward with its takeover effort, the company also pledged to honor Evonik Industries AG job guarantees. The remarks underscore BASF’s focus on securing investor and regulatory confidence by addressing employment concerns and articulating the business case for a merger. Details of the offer terms and timing were not included in the excerpt.