IHS Chemical Week

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Chemical Finance Digest, Sept. 19-23

3:25 PM MDT | September 26, 2011 | Vincent Valk

Toping the headlines last week, Evonik's owners said they would postpone the company's IPO until 2012, at the earliest, due to unfavorable capital market conditions. Evonik, which is owned by RAG Foundation and CVC Capital Partners, recorded $10.3 billion in sales during the first half of this year.   In M&A news, SK Capital has raised $500 million for a fund targeted at investments in chemicals and materials, $100 million more than the firm initially targeted. Siam Cement is planning to acquire a 30% stake in Chandra Asri Petrochemical for $416 million...

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