IHS Chemical Week

Regions :: Western Europe

Evonik sells remaining stake in energy group Steag

4:31 AM MDT | August 29, 2014 | Natasha Alperowicz

Evonik Industries today said that it has signed a contract with Rhine-Ruhr, a group of several municipal utility companies in Germany’s Ruhr region, to divest its remaining 49% stake in Steag (Essen), an energy company, for €570 million ($751.4 million). Rhine-Ruhr in 2011 bought a 51% share in Steag and said it would acquire the rest within five years.   The divestment is in line with Evonik’s strategy. “We know that Steag is in good hands with [Rhine-Ruhr]. With the transfer of the remaining shares in Steag, we have now completed...

This information is only available to Chemical Week subscribers.


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

Not an IHS Chemical Week member yet?

Here's why you should be:

  • 31 issues of Chemical Week magazine in print or digital format
  • Critical daily news and analysis on chemweek.com
  • Free mobile edition 
  • 20+ years of online archives
  • Topical e-newsletters that capture the most impactful events
  • Special issues with a regional or company focus
  • Global Outlook issue

Subscribe now

100% Satisfaction Guarantee
If at any time you are not completely satisfied with IHS Chemical Week, simply notify us and we'll refund the balance of your paid subscription - no problem.

Learn more about group subscriptions and site licenses.


contact us | about us | customer care | privacy policy | sitemap | advertise

ihsCopyright © 2015 IHS, Inc. All rights reserved. Reproduction in whole or in part without permission is prohibited.

North Asia Russia Southeast Asia China India/Pakistan Middle East Eastern Europe Western Europe Central America Canada USA Australia/New Zealand South America Africa