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Evonik lists in Frankfurt and Luxembourg. aims for MDAX

7:36 AM MDT | April 26, 2013 | —NATASHA ALPEROWICZ

Trading in Evonik Industries shares began on 25 April, on the Frankfurt and Luxembourg stock exchanges. It follows three rounds of private placements this year by Evonik’s controlling shareholders, RAG Foundation (Essen, Germany) and CVC Capital Partners, of a total of 67.4 million Evonik shares, 14.5% of the total equity, with institutional investors. The 2 main shareholders still own 85.5% of the company. Evonik resumed preparations for its market listing in February after the uncertain stock market conditions prevented the listing from going ahead in 2012...

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