Evonik Won’t Be Sold Under Value, RAG Chief Tells Handelsblatt

RAG Foundation’s head Wilhelm Bonse- Geuking said Evonik Industries AG won’t be sold under value, Handelsblatt reported, citing an interview

“If the price, which we consider fair, isn’t reached, the shares won’t be sold,” Bonse-Geuking was quoted as saying. There’s a chance few or no shares will reach the market as capital needs of the foundation have risen in an environment of lower interest rates, he said.

To contact the reporter on this story: Jana Randow in Frankfurt at jrandow@bloomberg.net

To contact the editor responsible for this story: Craig Stirling at cstirling1@bloomberg.net

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