Flexible Electronics News

Evonik Divests Remaining Stake in Vivawest to RAG Aktiengesellschaft

Final step in repositioning Evonik as a pure specialty chemicals company.

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By: DAVID SAVASTANO

Editor, Ink World Magazine

Evonik Industries has divested its remaining 10.3% stake in the residential real estate company Vivawest GmbH to RAG Aktiengesellschaft. This raises RAG’s stake in the largest residential real estate company in the federal state of North Rhine-Westphalia from 7.9% to 18.2%. Evonik has therefore completely divested its real estate interests in order to focus on specialty chemicals. The transaction was closed on June 29, 2015.   Vivawest GmbH now has a stable ownership structure with four shareh...

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