RAG IPO faces new challenges

Williams, Dede; Gibson, Jane
May 2007
ICIS Chemical Business;5/7/2007, Vol. 2 Issue 65, p10
Trade Publication
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.


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