Hints and tips:
...“We are now firmly in a world that is decarbonising,” says Tom Palmer, chief executive of Newmont Corporation, the world’s largest gold miner that sealed a $19bn deal for Australian rival Newcrest this month...
...It is enough to make one long for the era when Dow was Dow, ICI was ICI, corporations were simpler, and there was more of a future in chemical engineering than financial. Think about it....
...Mr Héfès would seek to broaden the group’s “long-term relationships base throughout Europe with internationally minded industrial families and corporations,” he added....
...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...
...In Europe, it owns a 4.6 per cent stake in German chemicals maker Evonik, 6 per cent of Spanish oil company Repsol and 10 per cent of Markit....
...Ulrich Grillo, deputy president of the German industry association, said the 12 partners would seek to “build up a powerful corporation” which would invest in raw material projects in order to improve security...
...Tuesday’s deal was the first-ever for Evonik. Its speciality chemicals subsidiary, Evonik Degussa, is rated BB. The deal followed a week-long roadshow introducing the company to investors....
...It was October 2007, and the general manager of Evonik Degussa’s chemical plant at Seal Sands, Teesside, had been called to a meeting at the German parent company....
...from the Degussa chemicals business....
...RAG will offer €42 a share for the 7 per cent of Degussa owned by minority shareholders. Dresdner Kleinwort Wasserstein raised its price target on Degussa to €42 from €35.30....
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