(M+) Evonik: How the RAG Foundation Participates in a BASF Takeover
7 Articles
7 Articles
Westfalenpost
In the struggle for Evonik, the Essen RAG Foundation has far-reaching scope for action. Certain conditions must, however, be fulfilled according to the statutes.
EVK's major shareholder, the Essener RAG Foundation, could completely sell its share of the Essen specialty chemicals group. "According to the foundation's statute, a complete sale of Evonik is possible," the Essener Foundation informed on request. In the past, it had stated that it wanted to merge its share on a blocking minority of 25.1 percent. However, it must not remain with the Essener Group's coal foundation, which has aroused the takeove…
In the absence of Evonik's boss Christian Kullmann, BASF sets out to take over the rival. The main role is now played by the RAG Foundation. It can take its share off more easily than many people suspect. Whether it wants to? Politics decides on this now.
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