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...Degussa, one of Europe’s largest gold dealers, said January was the best month for gold sales since the company was founded three years ago, according to Wolfgang Wrzesniok-Rossbach, chief executive....
...Evonik was completing its reinvention from the remnants of the Degussa industrial empire, had sharpened its focus on speciality chemicals and had started a €6bn investment plan aiming to build a platform...
...He quickly decided to focus the group on its core power business, divesting its property operations, its stake in the Degussa chemicals company and its telecoms interests....
...Its speciality chemicals subsidiary, Evonik Degussa, is rated BB. The deal followed a week-long roadshow introducing the company to investors....
...Before that he was chief executive of Laporte, the specialty chemicals company, from 1995 until 2001, when it was acquired by Germany’s Degussa....
...Before that he was chief executive of Laporte, the speciality chemicals company, from 1995 until 2001, when it was acquired by Germany’s Degussa....
...The German group can, however, point to its acquisitions of Engelhard, the catalytic convertor maker, and of Degussa construction chemicals as examples of well-managed integrations – even if some of their...
...In 2006, the group swallowed the construction chemicals business of German rival Degussa, US company Johnson Polymer, and Engelhard, a US-based maker of catalytic converters....
...competition from several rival private equity firms, including Blackstone, Kohlberg Kravis Roberts and Bain Capital, to secure the stake in Evonik, which generates three-quarters of its revenues from the Degussa...
...The firm’s advisers also include Uwe-Ernst Bufe, former Degussa chief executive....
...As part of its strategy to concentrate on energy and natural gas, the group has divested €60bn worth of non-core assets in recent years - including its real estate unit Viterra and Degussa, the specialty...
...Credit default swaps of Tomkins, the engineering and manufacturing group, and Degussa, the chemicals company, widened on Monday amid speculation that they could be bought up by private equity....
...The spread on Degussa’s CDS fell a further 4bp in early trade to about 55bp after dropping about 11bp on Tuesday....
...UBS’s advisers also include Uwe-Ernst Bufe, former Degussa chief executive....
...Degussa CDS dropped up to 13bp in early trade to about 60.5bp, while those of its rival Lanxess, which had mulled a bid for the German company, also fell about 5bp to about 63bp....
...This has been reflected in Degussa’s CDS price, which was trading at 110bp on Thursday, representing a fall of nearly 30bp in just a handful of days....
...has struggled in recent months due to the leveraged capital structure of its owner, RAG AG.”...
...Of the individual names, Degussa, the German chemicals company, saw its five-year credit default price widen by 3bp to a mid-price of 77bp on some uncertainty over the future of the group’s diversified owner...
...A deal was reached at the weekend to phase out German’s heavily subsidised coal mining industry by 2018, thus paving the way for the flotation of RAG, Degussa’s diversified owner....
...The cost of insuring the debt of Degussa, a specialist chemicals group, rose after German media reports suggested that the company’s owners may be forced to delay a planned initial public offering....
...Last year, just as it was preparing a €4bn bid for Engelhard, a US catalyst manufacturer, and making a €400m offer for US plastics maker Johnson Polymer, Germany’s Degussa put its building chemicals up for...
...Roche, 2001 - €462m BASF, 2001 - €296.16m Lafarge, 2002 - €249.60m Arkema, 2006 - €219.13m Arjo Wiggins, 2001 - €184.27m Solvay, 2006 - €167.062m Nintendo, 2002 - €149.128m BPB, 2002 - €138.60m Degussa...
...RAG’s “white” part – made up of the Degussa chemicals company, Steag, Germany’s fifth-largest energy provider, and a housing arm – pays €150m ($192m) yearly to support the “black” coal part....
...Again, Degussa had blown the whistle on the illegal arrangement and so escaped a fine of €130m....
...In March, Mr Hambrecht bought the construction chemicals unit of Degussa, a German rival, for €2.8bn ($3.6bn); in May, he snapped up Johnson Polymer, a US-based resins maker, for €370m; and this month, Engelhard...
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