Evonik Industries

In 2006, RAG acquired Degussa AG,[4] which was later renamed Evonik-Degussa GmbH.

Historically, Evonik Industries' businesses were part of RAG activities. The idea of splitting the company was put forward in 2005. The background of this idea was that RAG's core business of coal mining is carried out under government contract in Germany, while businesses transferred to Evonik compete in international markets. This structure did not permit the payment of dividends to the shareholders, which limited shareholders' readiness to inject equity into the RAG, which thereby restricted the company's ability to access fresh capital. As the first step, RAG's shareholders sold their shares to RAG foundation (RAG-Stiftung) to split RAG.

The Foundation was established on 10 July 2007, and Evonik Industries was created on 12 September 2007.

The original plan foresaw the IPO of Evonik Industries in the first half of 2008. However, this plan was postponed until mid-2010 at the earliest, and the RAG Foundation started to look for strategic investors, while still holding on to the plans for a midterm IPO.[5][6] In June 2008, the private equity firm CVC Capital Partners bought a stake of 25.01% in the company.[7] Among many other private equity investors who bid for the stake (amongst them Blackstone Group and 3i), Russian Gazprom was reported to have considered buying a stake in Evonik Industries.[8] The IPO, by now planned for fall of 2011, was once again postponed in September 2011, this time citing the "current state of financial and capital markets and their prospects."[9] RAG Foundation had planned for Evonik's IPO to take place in 2012, but this was postponed as a result of poor market conditions. Evonik shares have been traded on the Frankfurt Stock Exchange since 25 April 2013. Prior to the IPO the company had given institutional investors the opportunity to acquire around 14% of the shares for €2 billion.[10]

Since 5 March 2015, the shareholding structure of the Evonik Industries AG is composed as follows:[11]

• 67,9%: RAG Foundation
• 14,0%: Gabriel Acquisitions GmbH (a company owned by funds advised by CVC Capital Partners)
• 18,1%: Free float

Evonik divested its former holdings in the areas of energy and real estate and now focuses on the core business of specialty chemicals.[15]

Chemicals Business Area

Share of the Deutsche Gold- und Silber-Scheideanstalt, issued 5. November 1928

Degussa factory in Hopewell, Virginia

Degussa gold, 5 g

The Chemicals Business Area of Evonik emerged from Evonik Degussa GmbH (formerly Degussa GmbH — an acronym of Deutsche Gold- und Silber-Scheide-Anstalt (German Gold and Silver Separating Works)) based in Essen, Germany. It employs about 34,000[16] people and is one of the world's largest producers of specialty chemicals. It includes six business units: Advanced Intermediates, Consumer Specialties, Coatings & Additives, Inorganic Materials, Health & Nutrition and Performance Polymers.[17] Degussa was acquired by RAG in 2006. Its latest acquisition is the Tippecanoe Labs plant site at Lafayette, Indiana from Eli Lilly on 1 January 2010.[18] In November, a plant for the production of DL-methionine was opened in Singapore. At a cost of €500 million, it is the largest investment to date in the chemical sector in the company's history.[19] In June 2014, the Supervisory Board resolved to restructure the Group, with plans for the six chemical segments to be bundled into three GmbH (limited liability) companies from 2015.[20]

Energy Business Area

Evonik Industries operated Bergkamen Power Station

The former energy business portion of Evonik was operated through Evonik Steag GmbH (formerly STEAG), which is the fifth largest power company in Germany, based in Essen. The company operates fourteen hard coal-fired power plants, of which eleven are located in Germany, and one in Turkey, one in Colombia and one in the Philippines, and two industrial power plants. It also operates in the field of transport, processing and distribution of hard coal, coke and byproducts from coal processing, as well as in the field of gas supply, transport and trading.[21] In December 2010 Evonik Industries signed an agreement to sell 51% of shares in its energy business to a consortium of municipal utilities in Germany's Rhine-Ruhr region. The agreement was finalized on 2 March 2011. The remaining 49% were acquired by the consortium for €570 million in August 2014.[22]

Evonik Industries is a member of the United Nations Global Compact. The annual CR report of Evonik Industries is based on the standards of the Global Reporting Initiative. Evonik is also a founder member of the Together for Sustainability initiative, focused in promoting sustainability practices across the chemical industry's supply chains, and whose president is the current CPO of the company, Rüdiger Eberhard.

Evonik sponsors Bundesliga club Borussia Dortmund

Borussia Dortmund Team wearing Evonik-sponsored kits.

• Evonik has been the main sponsor of Borussia Dortmund (BVB) since the 2007/2008 season[25]

• Evonik was one of the sponsors of the World Chess Championship 2008

• Evonik supports the work of the episcopal agency "Adveniat" for the improvement of the environment in Latin America
• On 17 May 2011, as part of a charity football match between Borussia Dortmund and an all-star team from Japan, Evonik donated €1 million to a children's home situated in the Tohoku/Ichinoseki-shi earthquake zone which was destroyed by the 2011 Tohoku earthquake.
• Evonik is the main sponsor of the Rebikoff-Niggeler Foundation, a non-profit organization which conducts deep-sea research in the Azores using a submersible.

• RAG

• Evonik Industries website