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Evonik Still Considering ‘Carve-Out’ of Carbon Black Business

Writer: Notch
Notch
Mar 27, 2010
1 min read

From Business Week comes word that Evonik Industries is planning to to proceed with an initial share sale if financial markets continue to improve, including the possible spin-off of the carbon black business.

[Chief Executive Officer Klaus] Engel is also evaluating options for carbon black and colorant units, including the sale, carve out, or placing into a partnership, as he focuses on chemicals. The units have sales of 870 million euros.

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