Reuters: Private Equity: TEXT-S&P summary: Evonik Industries

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TEXT-S&P summary: Evonik Industries Jun 28th 2012, 12:29 Thu Jun 28, 2012 8:29am EDT The ratings on German chemical manufacturer Evonik Industries (Evonik) are underpinned by its "strong" business risk profile and "intermediate" financial risk profile. Standard & Poor's Ratings Services equalizes the ratings on Evonik's fully owned subsidiary, Evonik Degussa GmbH, with those on the parent. Evonik is 74.99% owned by public entity RAG-Stiftung and 25.01% by funds of private equity investor CVC Capital Partners. The group has been considering the possibility of an IPO, although recent market uncertainty has delayed it.

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