BASF has signed a binding agreement with global investment firm Carlyle and Qatar Investment Authority (QIA) to create a new standalone coatings company valued at €7.7 billion.
The deal covers BASF’s automotive OEM coatings, automotive refinish coatings, and surface treatment businesses, collectively known as BASF Coatings. Under the agreement, Carlyle and QIA will take a majority stake, while BASF will retain a 40 percent equity stake in the new company.
The transaction is expected to close in the second quarter of 2026, subject to customary regulatory approvals. BASF says it will receive approximately €5.8 billion in pre-tax cash proceeds at closing. [Read more…] about BASF and Carlyle to form €7.7 billion standalone coatings company with QIA investment