IHS Chemical Week

Evonik Industries shares to begin trading Thursday

11:57 AM MDT | April 23, 2013

Evonik Industries will be a publicly traded company after seven years of private ownership. Following approval of an offering prospectus by the German Federal Financial Supervisory Authority (BaFin), Evonik’s current majority shareholders, RAG Foundation (Essen, Germany) and investment funds advised by CVC Capital Partners, have confirmed that the shares should be listed on the Frankfurt and Luxembourg stock exchanges on 24 April and start trading the next day. Two successful rounds of private placements in February and March this year placed approximately 12%...

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