Berlin (Reuters) – Singapore state investor Temasek Holdings will take a stake in Evonik Industries, two sources close to one of the German company’s owners told Reuters.
Temasek will spend more than 600 million euros ($779 million) for 5 percent of the Essen-based chemicals company, which is preparing for a stock market share listing, the sources said on condition that they not be identified.
German magazine Wirtschaftswoche reported on Saturday that Temasek and Evonik had agreed the sale.
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Singapore’s Temasek to buy stake in Germany’s Evonik
