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Evonik to Divest Its Carbon Black Business

8:52 AM MDT | September 24, 2010 | Ian Young

Evonik Industries says it has decided to divest its carbon black business. The company announced last July that it was considering options for the business including divestment. Evonik has engaged an undisclosed investment bank to prepare for the divestment. “Our declared aim is to find a solution that is equally convincing for customers, employees, and business partners,” says Evonik chairman Klaus Engel. “The decision to divest this business provides the best basis for sustained investment in carbon black, new growth prospects, and securing...

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