North Rhine-Westphaliau2019s state parliament debated BASFu2019s takeover offer for specialty chemicals company Evonik at the request of the SPD. SPD parliamentary group leader Jochen Ott called for binding employment and site guarantees, warning that a takeover would represent an industrial policy shift with far-reaching consequences. CDU politician Bjoern Franken said Evoniku2019s executive board had rejected the takeover and that BASF was u201cnot the right player.u201d Economics Minister Mona Neubaur said the state government opposed the takeover, citing Evoniku2019s more than 11,000 employees in NRW.
Source: MarketScreener / dpa-AFX
