Michael Vassiliadis
German trade unionist
Photo: Helgekrueckeberg, CC BY-SA 3.0 (Wikimedia Commons, cropped)
- 3d ago
NRW government opposes BASF takeover bid for Evonik, RAG foundation stays silent
Economy minister Mona Neubaur told the state parliament on Wednesday, 14 October, that the NRW government is against the takeover. The RAG foundation, which holds about 44 percent of Evonik, has not yet set out its position.
- Oct 9
Evonik rebuffs BASF takeover approach as RAG foundation holds the final word
Evonik has turned down BASF's approach, but the decision rests with the RAG foundation, which holds 44% of Evonik's shares. Trade union IG BCE has raised doubts about the foundation's resolve.
- Sep 28
Evonik rejects BASF takeover offer valuing chemical group at 14 billion euros
Essen-based specialty chemicals maker Evonik has dismissed an acquisition proposal of approximately 22.15 euros per share from Ludwigshafen rival BASF, citing an inadequate valuation.
- Sep 26
German unions mobilize tens of thousands across 15 cities against proposed social cuts
Tens of thousands of workers joined rallies organized by the DGB trade union federation across 15 German cities on Saturday, rejecting planned federal cuts to pensions, healthcare, and labor protections.