May 17, 2008 (Germany)
Evonik Industries AG has signed an agreement for the sale of the Initiators Group to the U.S. investor Speyside Equity LLC for an undisclosed purchase price.
Pending the approval of Evonik’s Supervisory Board and the responsible antitrust authorities, the completion of the divestment transaction is expected for the second quarter of 2008.
The transaction includes the entire Initiators Group, with plants, amongst others, in Pullach, Germany and Elyria, Ohio, USA.
The business headquarters of the group will remain at the largest site: Pullach. Speyside Equity plans to continue the existing strategy.
Read Full News Click Here
Popular Posts
-
Sandstorm Boutique, the UKs premier Designer Swimwear Specialists are the official Swimwear Sponsors for Miss England 2011 and this yea...
-
Kate Middleton and Prince William arrive at the Foundation Polo Challenge held at the Santa Barbara Polo and Racquet Club (Pic: Getty Im...
-
First Lady Michelle Obama stays cool in the summer heat while wearing CHRIS BENZ' Resort Nelda Dress for her appearance on Extreme M...
-
MANGO , Spain’s most international fashion brand , has entrusted Isabeli Fontana as the image for its new Autumn campaign. The firm has c...
-
Adriana Lima, who's one of the world's best paid supermodels, insists that she is a virgin. The 27-year-old beauty, who has been a V... -
Sadie Frost wore Christopher Beales’ pinstriped ‘Point Pleated’ dress , jacket and matching pillbox hat to Kate Moss’ wedding. Sadie al...
-
SKYY Vodka and Diesel will reveal a sexy new swimsuit collection as a part of Diesel’s opening night show this week at Mercedes-Benz F...
-
The designer swimwear shop and bespoke fitting and design service based off London’s King’s Road, designed specialist bikinis, Beach wea...
-
Shenzhen City recently hosted the Third International Brand Underwear Fair from April 11 to 13, which saw participation by popular foreign b... -
very year, Victoria's Secret features a Fantasy Treasure bra in their runway show. Why does it have this name? The bra is decorated wit...
