Evonik plans IPO and sale

Further to reports earlier this week about the future of Evonik, RAG-Stiftung reportedly plans to sell 25% of Evonik to a financial investor, float 50% in an IPO and retain 25%. RAG plans to approach Permira, BC Partners, KKR, Bain Capital and Blackstone. David Blitzer, senior managing director at Blackstone, said Blackstone may be interested in acquiring a stake in Evonik.
Forbes
Hemscott