FRANKFURT, April 10 The owners of Evonik
said they would sell up to an additional two percent
of shares in the German speciality chemical company to
institutional investors ahead of a planned listing in Frankfurt
Evonik's two main owners, the state-controlled RAG trust and
buyout firm CVC, cited high demand in two pre-flotation
private placings as the reason for offering more shares.
They added they were still preparing to list the group at
the end of April with the help of Mainfirst and Deutsche Bank
Reuters had earlier reported the plans.
Earlier this year, RAG, a public-sector trust that will bear
the liabilities of Germany's wound-down coal mines, and CVC,
which came on board as a minority investor in Evonik in 2008,
placed a total of 12 percent of Evonik's shares with investors
like Singapore state investor Temasek.