RAG's subsidiary Degussa sells industrial chemicals business
Dr. Klaus Engel, Management Board Chairman of Degussa AG and Member of the Management Board of RAG Aktiengesellschaft: "With this transaction we have found a very good solution for all parties. We are parting with a non-core business activity in line with our approach of consistently optimizing our portfolio. At the same time we are providing the industrial chemicals business and its employees very promising perspectives for the future within a new owner structure."
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