Reuters – Evonik Owners Place More Shares Ahead of Listing
The owners of Evonik have placed a total of 12 percent of their shares in the German chemical company, more than initially planned, ahead of its stock market listing scheduled for next month, Reuters wrote. The sale of additional shares in a private placement met with "strong interest from domestic and international investors," said the maker of battery chemicals, animal feed additives and acrylic glass, even as it warned that the business environment would remain challenging this year. Among the buyers was Singapore state investor Temasek, Evonik said, adding that its two main owners, the RAG trust and buyout firm CVC Capital Partners, could part with an additional 2 percent of their shares.
12 March 2013•2 mins read
