Evonik Mulls Sale of Carbon Black Business

Evonik Industries is spinning off its carbon black operation and says it is examining three options for the business’s future: optimization of the unit as an independent operation; a possible partnership; or an outright sale of the business. A decision is expected before the end of the year. Evonik on July 1 formed Evonik Carbon Black, an independent subsidiary headquartered at Frankfurt, but it is scheduled to relocate to Hanau-Wolfgang, Germany on October...

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