Investors love €633m block in Evonik

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Investors love €633m block in Evonik

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Stand of Evonik. The Bauma is the most important construction fair in the world and the biggest fair in general. It takes place from 8.4.2019 - 14.4.2019 in Munich. (Photo by Alexander Pohl /Sipa USA) (Photo by Alexander Pohl/Sipa USA) | Alexander Pohl/SIPA USA/PA Images

RAG-Stiftung, the foundation charged with financing cleaning up the legacy of coal mining, has placed a block of shares in Evonik, the German speciality chemical manufacturer, at a tight concession after increasing the deal to €632.5m. The trade is another example of growing levels of demand for EMEA block trades.

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