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Evonik considering purchase of US peer such as Ashland, Handelsblatt says

By Reuters News

FRANKFURT, Oct 22 (Reuters) - German chemicals maker Evonik EVKn.DE, the target of takeover interest by larger peer BASF BASFn.DE, has itself been looking into the acquisition of a US rival, eyeing Ashland ASH.N in particular, Handelsblatt newspaper reported on Thursday.

The paper cited unspecified sources familiar with the matter.

It added the considerations have been ongoing for a while now but were still at an early stage.

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