BASF stock faces Evonik hurdle as Geismar MDI plant opens

Published on 11/12/2026 at 17:50 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

BASF stock faces continued uncertainty over Evonik while a major Louisiana MDI facility expands its North American production base. The project adds capacity and supply flexibility.

Operations advance as Evonik talks stall

BASF inaugurated a roughly 1 billion US dollar MDI facility in Louisiana.
Evonik has rejected BASF's improved offer and no formal takeover process has emerged.
A share buyback continued through November 6, supporting the capital allocation focus.

BASF, DE000BASF111, Illustration mit AI erstellt.

BASF faces a mixed investor picture after Evonik rejected its improved takeover approach following weekend discussions, while BASF inaugurated a major MDI facility in Louisiana on November 11. The combination of stalled deal talks and fresh operating capacity keeps strategic execution at the center of the investment case.

According to Reuters, the chief executives and chief financial officers of BASF and Evonik held talks over the weekend. Evonik had rejected BASF's improved proposal, which valued the target at 11.18 billion euros, or 24 euros per share, after rejecting an earlier 22.15-euro offer in September.

Geismar adds North American capacity

BASF said the Geismar project represents its largest wholly owned investment in the United States. The expansion nearly doubles annual MDI production capacity at the Louisiana site to approximately 600,000 metric tons and strengthens local supply for polyurethane customers.

The new facility provides a tangible operating milestone as BASF weighs the financial and strategic case for Evonik. Investors still face execution questions around demand, margins and the discipline required for any larger transaction.

Capital allocation remains visible

An interim report carried by Markets Insider said BASF bought back 351,530 shares between November 2 and November 6. The cumulative volume under the program reached 7,946,760 shares through November 6, adding a continuing capital-return element to the investment debate.

BASF stock traded at 53.93 euros on Lang & Schwarz at 18:48 CET on Monday, November 9, 2026, 0.15 percent above the Xetra close of Monday, November 9.