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PE Firms Shed 12% Evonik Stake In Pre-IPO Financing

By Jake Simpson (March 13, 2013, 2:37 PM EDT) -- The private equity owners of German chemical maker Evonik Industries AG have sold off an additional 12 percent stake in the company as it prepares for an initial public offering, the largest ever pre-IPO capital markets financing in Germany, Evonik said Wednesday....

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