Skip to content
Subscriber Only

Indian Billionaires Said to Mull Bids for Evonik Unit

Companies controlled by Indian billionaires Kumar Mangalam Birla and Rama Prasad Goenka are considering making offers for a unit of Germany’s Evonik Industries AG, said three people with knowledge of the matter.

Phillips Carbon Black Ltd., part of Goenka’s RPG Group, and Aditya Birla Group are among potential bidders for the carbon black business, which makes material used in tires and synthetic rubber, said the people, who declined to be identified because the matter is private. The deal is likely to be valued at more than $700 million, said two of the people.