Evonik majority owner RAG sells partial stake valued at €632 million

摘要

RAG-Stiftung (Essen, Germany), the majority owner of Evonik Industries, says it has sold a 5.4% stake in the company valued at €632.5 million ($704 million). The private foundation sold over 24 million shares in Evonik at a price of €25.30 per share via a private placement in an accelerated bookbuild ofering run by Bank of America Securities and UBS Investment Bank. The sale leaves RAG-Stiftung with a reduced majority shareholding of approximately 58.9% in Evonik.