Cerberus offer is unlikely to hold back RAG's IPO

Davis, Nigel
June 2007
ICIS Chemical Business;6/25/2007, Vol. 2 Issue 72, p29
Trade Publication
The article reports on the delay of the offer by private equity investor Cerberus to acquire for the non-coal assets of RAG AG in Europe. The report noted that the issue of the bid emerged following the German coalition government's affirmation of a compromise coal mining agreement, such as the appointment of former Deutsche BP chief Wilhelm Bonse-Geuking to head the planned mining foundation and the renewal of Werner Muller's contract as chief executive officer (CEO) of RAG.


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