15.04.2011

Rhone to Buy Carbon Black for €900 Million

Financial investor Rhone Group is close to a deal to buy the Carbon Black unit of unlisted German chemical maker Evonik, a source close to the deal said on Thursday. The sale is expected to fetch just over €900 million ($1.3 billion), and could be signed as soon as Friday, the person said. Evonik declined to comment. more10.03.2011

Evonik Owners Expect IPO Decision in April

The owners of German chemical maker Evonik are mulling plans for an initial public offering (IPO) and expect to make a decision in April, a spokesman for majority owner RAG foundation said on Wednesday. "The owners have started examining the details of an initial public offering," the spokesman for RAG said. Evonik's chief executive, Klaus Engel, has reiterated repeatedly that the group has the potential to float and that preparations for a market debut were underway. more03.09.2010

Clayton, Dubilier and Rice Announces Agreement with CVC Capital Partners to Invest in Univar

Clayton, Dubilier & Rice and CVC Capital Partners today announced a definitive agreement for CD&R to acquire a 42.5% ownership interest in Univar, a leading global distributor of commodity and specialty chemicals to a broad array of end markets. The transaction values the company at  approximately $4.2 billion. Funds advised by CVC will retain a 42.5% stake in the business. The remaining equity will be held by Univar management and other existing investors. more