RAG Considers Complete Evonik Stake Sale
RAG Foundation announced it could sell its entire stake in chemical manufacturer Evonik. The major shareholder currently holds around 43 percent of the shares.
Insights:
RAG Foundation could sell its entire 43% stake in Evonik Industries, the largest shareholder said on Wednesday afternoon. The move breaks from its previous target of holding a blocking minority of 25.1%. Evonik has recently drawn takeover interest from competitor BASF.
