Evonik Industries AG : Potential C4 chain (upstream) JV/mid-term disposal plans, affecting € 1.8bn (12%) sales; may fetch € 1.5bn EV; would sharpen specialties profile further
>Evonik considers disposal of C4 value chain - Westdeutsche Allgemeine Zeitung (WAZ) reported over the weekend that Evonik is considering bringing the C4 value chain activities (Performance Intermediates incl. Butadiene, MTBE etc) initially into a joint operation with potential partners, subsequently selling entirely. An Evonik spokesman confirmed reports on 'seeking external development opportunities' when asked by Dow Jones News.€ 1.8bn C4 sales, 12% of...Steag, through its subsidiaries, is engaged mainly in power generation and related industries. Co.'s business is divided into five units: Power generation, Decentralized Energy Supply, Foreign Power Plants, Gas Distribution, and Coal Trading.
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