BASF and Carlyle completed their coatings transaction on June 30, 2026, after receiving required regulatory approvals.
The deal values the business at €7.7 billion, with BASF receiving around €5.8 billion in pre-tax cash proceeds.
BASF retains 40 per cent of Surventis, the former BASF Coatings, covering automotive coatings and surface treatment.
“We are convinced that the new ownership structure provides an excellent foundation for future profitable growth of Surventis,” said Anup Kothari, member of the Board of Executive Directors of BASF SE. “We wish the former BASF Coatings employees every success as they move forward into their future as an independent company.”
BASF has reported the coatings business as discontinued operations starting September 30, 2025. Retroactively to January 1, 2025, the income after taxes of the coatings business was presented in the income after taxes of BASF Group as a separate item (“Income after taxes from discontinued operations”). Prior-year figures were restated accordingly. The disposal gain from the transaction, which closed on June 30, 2026, is also recognized in “Income after taxes from discontinued operations” and will therefore be reflected in net income and earnings per share of BASF Group. The book value of the net assets of the coatings disposal group was around €3.0 billion at year-end 2025. As of July 2026, BASF’s 40 percent equity stake in the new company will be accounted for as a financial investment using the equity method. BASF’s share in net income of the financial participation will be reported in EBITDA before special items in Other.
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