News from Notch Consulting, Inc.

February 25, 2008

Evonik IPO on Hold due to Uncertainty in Finacial Markets

Filed under: Carbon Black, Silica — Notch @ 2:00 pm

According to Thomson Financial, the proposed initial public offering from Evonik Industries AG has been put on hold due to current uncertainty in financial markets. Instead of an IPO, the company is investigating being acquired by a direct buyer, and Evonik’s supervisory board chairman Wilhelm Bonse-Geuking is in contact with potential investors from southeast Asia, Dubai and the US. Talks are scheduled to begin on April 22.

Here are links to two previous posts about Evonik Industries:

Introduction to Evonik Industries.
Evonik Restructures Chemicals Business.

1 Comment »

  1. […] its plans regarding Evonik Industries’ pending IPO, according to Forbes. Earlier this week, it was reported that RAG had scrapped plans for an IPO and was seeking a direct buyer for the entire company. […]

    Pingback by RAG-Stiftung’s Plan for Evonik: Sell 25% to Direct Investor, Offer 50% in IPO, Retain 25% « News from Notch Consulting Group — February 26, 2008 @ 8:55 am

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