CVC looking to float Evonik

According to media reports Goldman Sachs, Bank of America Merrill Lynch and Deutsche Bank will be advisers.

The shareholders CVC and RAG Foundation have been in discussions about an IPO since CVC acquired 25.01% of Evonik in 2008 for €2.4bn.

Essen-based Evonik was formed in 2007 and operates in the chemical, energy and real estate sector. The industrial business employs about 34,000 people and operates in about 100 countries worldwide.

In 2010, the company had a turnover of €13.3bn and an EBIT of €1.6bn.

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• Topics
• DACH
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• Germany
• CVC Capital Partners
• IPO