Germany: Degussa AG, the German chemical company that was taken over by the mining and energy company RAG AG this year, said Thursday it is selling its industrial chemicals business in a management buyout.
They did not give a price on the deal.
In 2005, the industrial chemicals business in Germany and Mexico generated sales of more than €85 million (US$112 million), the company said in a statement.
"We are parting with a non-core business activity in line with our approach of consistently optimizing our portfolio," said Chairman Klaus Engel.
http://www.iht.com/articles/ap/2006/12/14/business/EU_FIN_COM_Germany_Degussa.php
