Deep Read: Between BASF, Evonik and RAG: The special role of Michael Vassiliadis
The unionist knows the chemical industry like hardly anyone else. In the Evonik takeover poker, the IG BCE boss repeatedly intervenes clearly - what agenda is he pursuing?
Evonik has received unusual calls from analysts regarding concerns over its financing, sparked by comments from Michael Vassiliadis, chairman of the chemical union IG BCE. Vassiliadis had mentioned "problematic financing themes" at Evonik, which the company has denied. The concerns relate to the role of RAG-Stiftung, Evonik's major shareholder, which relies on Evonik's dividends but does not provide additional capital for growth.
BASF has made a takeover bid for Evonik, currently valued at 24 euros per share, and Vassiliadis, who has ties to both companies, has expressed support for a potential consolidation in the German chemical industry.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
