RAG moves to buy all of Degussa’s shares

Düsseldorf, Germany-RAG AG of Essen, Germany, which holds a 50.1 percent interest in filler and chemicals producer Degussa AG, announced 19 Dec that it intends to acquire all remaining shares in Degussa.

RAG and E.ON AG have apparently agreed on the sale of the 42.86 percent of Degussa’s capital stock held by E.ON to RPG, with effect from 1 July 2006, said a statement from Degussa.

Some 19 percent of Degussa’s annual sales comes from its carbon-black- and silica-producing unit, Coatings and Advanced Fillers.

Degussa…

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