IHS Chemical Week

World News and Views :: Top of the News

Report: German trust to cut stake in Evonik

10:54 AM MDT | June 4, 2014 | Lindsay Frost

The RAG Foundation (Frankfurt), a public-sector trust, says it will reduce its stake in Evonik Industries to diversify its investment risks, according to Reuters reports. The foundation’s head, Wenrer Mueller, said today that RAG’s executive board has received the go-ahead from trustees to cut its stake to 60% from its current 68% stake. Reports say that, as a part of RAG's plan to reduce exposure, the foundation will issue a bond that can be swapped for shares in Evonik. RAG has not specified how it plans to reduce its stake beyond that...

This information is only available to Chemical Week subscribers.


Forgot your user ID or password?
Click here to have it sent to you.

Not an IHS Chemical Week member yet?

Here's why you should be:

  • 31 issues of Chemical Week magazine in print or digital format
  • Critical daily news and analysis on chemweek.com
  • Free mobile edition 
  • 20+ years of online archives
  • Topical e-newsletters that capture the most impactful events
  • Special issues with a regional or company focus
  • Global Outlook issue

Subscribe now

100% Satisfaction Guarantee
If at any time you are not completely satisfied with IHS Chemical Week, simply notify us and we'll refund the balance of your paid subscription - no problem.

Learn more about group subscriptions and site licenses.


contact us | about us | customer care | privacy policy | sitemap | advertise

ihsCopyright © 2015 IHS, Inc. All rights reserved. Reproduction in whole or in part without permission is prohibited.

North Asia Russia Southeast Asia China India/Pakistan Middle East Eastern Europe Western Europe Central America Canada USA Australia/New Zealand South America Africa