IHS Chemical Week

Evonik shares begin trading

11:42 AM MDT | April 25, 2013

Trading in Evonik Industries (Essen, Germany) shares began today on the Frankfurt and Luxembourg stock exchanges. This follows three rounds of private placements this year by major shareholders RAG Foundation (Essen) and CVC Capital Partners of a total of 67.4 million Evonik shares, 14.5% of the total, with institutional investors in Germany and abroad. The two controlling shareholders still own 85.5% of the company. Evonik resumed preparations for its market listing in February this year after the uncertain stock market conditions prevented the listing in 2012...

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