RAG and CVC revive plans to float Evonik

RAG Foundation (Essen, Germany) and CVC Capital Partners, owners of Evonik Industries, have revived plans to float Evonik. “Evonik Industries is resuming its preparations for its planned listing in the Prime Standard of the Frankfurt Stock Exchange,” the companies say. The move is prompted by an improved capital market environment as well as investors’ growing interest, they add. RAG and CVC, in advance of the planned listing, have placed some of their Evonik shares with institutional investors. Each company has disposed of an equal number of...

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