BASF completes €7.7 billion coatings sale to Carlyle, retains 40% stake

Corporate Action
โดย Zacks Investment Research·Read original
Summary · why it matters

BASF has completed the sale of its coatings business to global investment firm Carlyle at an enterprise value of €7.7 billion. The transaction, which closed on June 30, 2026, generated approximately €5.8 billion in pre-tax cash proceeds for BASF while the company retains a 40% ownership interest in Surventis, the new entity formed from its former automotive OEM coatings, automotive refinish coatings and surface treatment operations. Together with the earlier divestiture of its decorative paints business completed in October 2025, the former Coatings division is valued at an enterprise value of €8.7 billion, representing an implied 2024 EV/EBITDA of approximately 13 times before special items. The gain from the divestiture will be recognized under income after taxes from discontinued operations, boosting BASF Group's net income and earnings per share, while the retained 40% stake in Surventis will be accounted for under the equity method starting in July 2026.

Impact on stocks 5

Industrials▲ · 2 stocks
Materials▲ · 1 stocks
BASF SE
BAS
▲ PositiveCapitalrelevance

BASF completes sale, generating €5.8B pre-tax cash proceeds and boosting net income and EPS.

Financials▲ · 1 stocks
Carlyle Group Inc
CG
▲ PositiveCapitalrelevance

Carlyle acquires BASF's coatings business at €7.7B enterprise value, expanding its portfolio.

Electrification & Mobility▲ · 1 stocks

Off-coverage companies 1

SurventisPrivate± Mixed
Capitalrelevance

Surventis is the new entity formed; impact depends on future performance, but ownership structure is set.

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