Evonik owners take aim at floating chemicals group again

FRANKFURT Fri Feb 22, 2013 1:45am EST

FRANKFURT Feb 22 (Reuters) - The owners of Evonik are reviving plans to take the German chemical company public, preparing to float a 10 percent stake.

The RAG Foundation, which owns 75 percent of Evonik, and buyout firm CVC Capital Partners, which holds the rest, said in a joint statement they would place shares with institutional investors as a first step.

They declined to give pricing details. (Reporting by Ludwig Burger)

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