07.02.15
Evonik Industries has divested its remaining 10.3% stake in the residential real estate company Vivawest GmbH to RAG Aktiengesellschaft. This raises RAG’s stake in the largest residential real estate company in the federal state of North Rhine-Westphalia from 7.9% to 18.2%. Evonik has therefore completely divested its real estate interests in order to focus on specialty chemicals. The transaction was closed on June 29, 2015.
Vivawest GmbH now has a stable ownership structure with four shareholders. The largest shareholder is RAG-Stiftung with a stake of 30.0%. The German Mining, Chemical and Energy Industrial Union (IG BCE) holds 26.8%. Evonik Pensionstreuhand e.V., a contractual trust arrangement to secure the company pensions of Evonik employees, has a stake of 25.0%. The fourth shareholder is RAG Aktiengesellschaft (18.2%).
“The divestment of our remaining shares in Vivawest is the final step in becoming a pure specialty chemicals company. In RAG we have found a trusted investor with a long-term investment horizon for our stake. Vivawest can therefore successfully pursue its route in sustainable real estate management,” said Klaus Engel, chairman of the Executive Board of Evonik Industries.
Vivawest GmbH now has a stable ownership structure with four shareholders. The largest shareholder is RAG-Stiftung with a stake of 30.0%. The German Mining, Chemical and Energy Industrial Union (IG BCE) holds 26.8%. Evonik Pensionstreuhand e.V., a contractual trust arrangement to secure the company pensions of Evonik employees, has a stake of 25.0%. The fourth shareholder is RAG Aktiengesellschaft (18.2%).
“The divestment of our remaining shares in Vivawest is the final step in becoming a pure specialty chemicals company. In RAG we have found a trusted investor with a long-term investment horizon for our stake. Vivawest can therefore successfully pursue its route in sustainable real estate management,” said Klaus Engel, chairman of the Executive Board of Evonik Industries.