BASF and Carlyle reach binding transaction agreement on coatings business to create a leading standalone company

Carlyle-managed funds and Qatar Investment Authority signed a binding agreement to acquire BASF’s automotive OEM coatings, refinish coatings and surface-treatment businesses at €7.7 billion enterprise value. BASF would retain 40%. The announcement expected closing in the second quarter of 2026, subject to approvals. The value excludes the separately divested decorative coatings business.