Calls to end RAG political squabble

Williams, Dede
March 2007
ICIS Chemical Business;3/26/2007, Vol. 2 Issue 59, p6
Trade Publication
The article reports that Hubertus Schmoldt, head of Germany's chemicals trade union IG BCE, has called on the political sector to quit playing monopoly and let Degussa parent RAG proceed with its initial public offering (IPO). The latest study commissioned by the state of North Rhine-Westphalia shows that a sale of the three units of RAG will generate up to €800 million more than the expected €5 billion proceeds from the IPO, initially planned for May 2007.


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