Commercial Services and Supplies
Company Overview of RAG-Stiftung
RAG-Stiftung ensures that the RAG Corporation could discontinue subsidized coal mining in a socially acceptable manner by the end of 2018. The company would finance RAG’s perpetual mine management obligations related to coal mining from 2019. RAG-Stiftung was founded in 2007 and is based in Essen, Germany.
Rüttenscheider Straße 1-3
Founded in 2007
Key Executives for RAG-Stiftung
Compensation as of Fiscal Year 2014.
RAG-Stiftung Key Developments
RAG-Stiftung Planning Acquisitions Of SMEs
Apr 22 14
Evonik Industries AG’s (DB:EVK) owner, RAG-Stiftung is planning to make acquisitions. RAG-Stiftung said that is has established two investment vehicles to acquire stakes in small- and medium sized firms (SMEs) in order to diversify and reduce the risk of its portfolio. RAG said earlier in 2014 that it was too exposed to the chemicals sector. RAG’ Chief Financial Officer, Helmut Linssen said, “We will concentrate on SMEs in Germany, Austria and Switzerland that have sales of about €100 million/year and are positioned well on global markets.”
RAG Seeks Acquisitions
Feb 21 14
RAG-Stiftung is seeking acquisitions. RAG's future plans include investing in medium-sized German-based companies, which are not active in the chemical industry.
RAG-Stiftung Denies Interest In Lanxess
Feb 21 14
RAG-Stiftung which holds a 68% majority in Evonik Industries AG (DB:EVK) is not interested in acquiring Lanxess AG (XTRA:LXS) but would rather reduce its exposure to the chemicals sector. RAG Chief Executive Werner Muller said RAG was too exposed to the chemicals sector and would seek to reduce its stake in Evonik over the long term. However, RAG had no immediate plans to reduce the stake, he added. Muller said RAG was not interested in taking a stake in LANXESS, responding to repeated speculation that Evonik may want to take over its Germany-based rival. Muller said RAG was rather working on plans to take long-term majority stakes in German medium-sized firmsthat are not exposed to the chemical sector.
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