September 8, 2008 / 3:38 PM / 11 years ago

EU approves purchase of Evonik by CVC, RAG

BRUSSELS, Sept 8 (Reuters) - Luxembourg investment firm CVC Capital Partners and German civil law foundation RAG-Stiftung [RUHR.UL] won approval from the European Commission on Monday to buy specialty chemicals company Evonik.

“After examining the operation, the Commission concluded that the transaction would not significantly impede effective competition in the European Economic Area or any substantial part of it,” the EU executive said in a statement.

Evonik, a German company, is also active in energy and real estate. (Reporting by Darren Ennis)

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