Reuters – Evonik Owners Prepare Share Sale
The owners of German chemical company Evonik are preparing to float 10 percent of their shares by the end of April, Reuters reported Thursday. The RAG Foundation, a state-owned trust that will bear the liabilities of Germany's wound-down coal mines, owns 75 percent of Evonik, while private equity firm CVC Capital Partners holds the rest. Evonik makes battery chemicals, animal feed additives, acrylic glass and super-absorbents for diapers.
22 February 2013•2 mins read
