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  • Evonik - A Conglomerate Heads For the Stock Market

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Evonik - A Conglomerate Heads For the Stock Market

Our topic in co-operation with the financial daily Handelsblatt Beginning in the fall of 2007 mysterious ads began popping up in German newspapers, asking: "Who does things like this?". Below stood the name of a fully unknown company: Evonik. Behind this new name stands one of Germany industrial giants -- RAG, formerly known as Ruhrkohle. Evonik is mainly active in three areas -- chemicals, power plants and real estate. Until recently it was fully owned by the RAG foundation, but now 25.01 percent of its shares have been sold to the private equity company CVC Capital Partners for 2.4 billion euros. Now it seems certain Evonik will soon be listed on the DAX, Germany's stock index. Then Evonik's real worth should become clear. Andreas Hewel reports on the company and its stock m1arket aspirations.

DW-World | August 5, 2008Watch more videos from DW-World

Tags:. .market. .power. .name. .should. .estate











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