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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.

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