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Evonik Industries shares start trading in Frankfurt and Luxembourg

6:20 AM MDT | April 25, 2013 | Natasha Alperowicz

Trading in Evonik Industries (Essen, Germany) shares began today on the Frankfurt and Luxembourg stock exchanges. This follows 3 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 2 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. The...

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