TITLE

Evonik Industries IPO Planned Within 15 Months

AUTHOR(S)
YOUNG, IAN
PUB. DATE
April 2011
SOURCE
Chemical Week;4/11/2011, Vol. 173 Issue 10, p15
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article discusses RAG Foundation's plans to launch an initial public offering (IPO) for Evonik Industries. It reports that the IPO is expected to take place by July 2012 at the latest. RAG Foundation, the majority stakeholder in Evonik, is reportedly seeking banks to manage the IPO. According to Evonik chairman Klaus Engel, RAG Foundation's stake in Evonik may be reduced to 25 percent, with the rest to be publicly traded.
ACCESSION #
60366088

 

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