TITLE

RAG IPO faces new challenges

AUTHOR(S)
Williams, Dede; Gibson, Jane
PUB. DATE
May 2007
SOURCE
ICIS Chemical Business;5/7/2007, Vol. 2 Issue 65, p10
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
This article explains that new obstacles are being strewn in the path of German energy group RAG and specialty chemicals producer Degussa to the stock market. Lanxess' wish to buy Degussa continues to dominate RAG's dispute with the state government of North Rhine-Westphalia over the former coal mining group's value. Lanxess chief executive officer (CEO) Axel Heitmann is reported to be drumming up support for a debt-free €4.6 billion takeover of Degussa if the stock launch fails.
ACCESSION #
25401623

 

Related Articles

  • Lanxess Targets Degussa. Alperowicz, Natasha // Chemical Week;5/16/2007, Vol. 169 Issue 17, p10 

    This article states that Lanxess has confirmed its interest in buying Degussa from RAG. RAG plans to divest Degussa as part of the flotation of RAG Beteiligungs-AG, dubbed NewCo, on the stock market in spring 2008. Lanxess chief executive officer (CEO) Axel Heitmann said during a first-quarter...

  • A deal driven by ambition. Davis, Nigel // ICIS Chemical Business;5/14/2007, Vol. 2 Issue 66, p5 

    The article discusses the plan of Axel Heitmann, chief executive offer (CEO) of Lanxess, to acquire rival firm Degussa. It claims that Heitmann's plan is part of his ambition to become a new driving force in the German chemicals industry. It reveals that there is a political aspect to Heitmann's...

  • Speed and trust: the key to good management. Beacham, Will // ICIS Chemical Business;10/26/2009, Vol. 276 Issue 15, p14 

    The article offers a brief profile of Axel Claus Heitmann, chief executive officer (CEO) of chemical firm Lanxess AG and also offers information on Lanxess. Heitmann born on October 2, 1959 in Hamburg, Germany understood the vitality of customer relationships at very early age and was motivated...

  • Bold predictions for 2010.  // ICIS Chemical Business;1/4/2010, Vol. 277 Issue 1, p17 

    The article presents predictions of business executives on global chemical industry for 2010. Axel Heitmann, Chairman of Lanxess AG, said that 2010 will be a year of recovery for the chemical industry. Bernardo Gradin, chief executive officer (CEO), Braskem SA said that the challenges for the...

  • Lanxess pursues Degussa. Williams, Dede // ICIS Chemical Business;5/14/2007, Vol. 2 Issue 66, p4 

    The article reports that Lanxess chief executive officer (CEO) Axel Heitmann expressed his desire to pursue a merger with Degussa to create a second major German chemical player. Heitmann said that Lanxess would be prepared to offer €4-6 billion debt-free for Degussa, without private...

  • Lanxess ejects CEO Heitmann.  // TCE: The Chemical Engineer;Mar2014, Issue 873, p13 

    The article announces the resignation of Axel Heitmann from his role as chief executive officer (CEO) of specialty chemicals company Lanxess in 2014.

  • 2008 target for Lanxess buys. Baker, John // ICIS Chemical Business;3/26/2007, Vol. 2 Issue 59, p10 

    The article reports that European chemical firm Lanxess has given itself two years until the end of 2008 to look for acquisitions. According to chairman Axel Heitmann, the company is taking such step in its development very seriously. The company said it could easily draw on €1.0-1.5...

  • Lanxess driven by ambition. Davis, Nigel; Chang, Joseph // ICIS Chemical Business Americas;5/21/2007, Vol. 271 Issue 20, p17 

    The article focuses on the growth plans by Lanxess management board chairman Axel Heitmann for the German chemical firm. It cites the growth of the company under Heitmann's management. It mentions the plan by Heitmann to acquire Degussa and RAG Beteiligungs, as well as to create a second major...

  • Lanxess looks hard to cut costs.  // European Chemical News;7/5/2004, Vol. 81 Issue 2107, p7 

    Reports on the impact of market competition on the newly established chemicals company Lanxess. Background of the company; Statement issued by CEO Axel Heitmann with regard to cutting costs of the company.

Share

Read the Article

Courtesy of VIRGINIA BEACH PUBLIC LIBRARY AND SYSTEM

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics