Degussa Divests Antioxidants; RAG’s IPO is Expected Next Fall

Arques Iberia (Madrid), a subsidiary of Arques Industries (Starnberg, Germany), will acquire Degussa’s €60-million/year ($77 million) antioxidants business, Degussa says. The deal, terms of which were not disclosed, is due to close this quarter. It includes the Degussa Sant Celoni (Barcelona) business, where the antioxidant operation is headquartered, and the antioxidant business of Degussa Knottingley (Knottingley, U.K.). Separately, the previously announced initial public offering (IPO) of RAG (Essen, Germany), Degussa’s parent, is likely to...

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