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

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.