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- W2321839748 abstract "BECAUSE OF BETTER than expected profits for 2007, Germany’s Evonik Industries appears to be speeding up plans to sell shares to investors through an initial public offering (IPO). Evonik, which includes the former specialty chemical maker Degussa and other businesses, says results “far exceeded expectations” for the first year under its new name. According to Chairman Werner Muller, Evonik “is fit for the capital markets.” Preliminary results for 2007 showed a 2% increase in sales to $19.7 billion and a 14% increase in pretax earnings to $1.8 billion. Evonik is owned by the RAG Foundation, which was formed in 2007 to manage the exit of RAG Corp. from the coal-mining business by 2018. To do so, the foundation has to sell off Evonik in order to fund its pension obligations. Muller says Evonik’s financial results are encouraging enough that the company wants to push ahead with its plans for an IPO. The foundation had wanted ..." @default.
- W2321839748 created "2016-06-24" @default.
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- W2321839748 date "2008-05-26" @default.
- W2321839748 modified "2023-09-27" @default.
- W2321839748 title "EVONIK CLOSER TO GOING PUBLIC" @default.
- W2321839748 doi "https://doi.org/10.1021/cen-v086n021.p010" @default.
- W2321839748 hasPublicationYear "2008" @default.
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