Evonik IPO on Hold due to Uncertainty in Finacial Markets

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.