Singapore investment firm to acquire 5% stake in Evonik?

Investment company Temasek Holdings (Singapore) will acquire a 5% stake in Evonik Industries for over €600 million ($780 million), say press reports. RAG Foundation (Essen, Germany) and CVC Capital Partners—the owners of Evonik—revived plans last month to list Evonik in the Frankfurt Stock Exchange. RAG and CVC, before the planned listing, are disposing an equal amount of shares representing less than 10% of Evonik, in private placement. Temasek holds a 6.5% stake in...

This information is only available to Chemical Week subscribers.

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

Email Address First Name Last Name

Not an IHS Chemical Week 24/7 member yet? Here's why you should be: Searchable online archive access of the last 2 years of Chemical Week. Print or digital magazine subscription Price and market change alerts Economic data and statistics Buyers' Guides Webcasts | whitepapers