Evonik studies acquisitions of AkzoNobel's special chemicals division and Air Products' tech division
Evonik, the German chemical company, is studying the possible acquisitions of the special chemicals division of AkzoNobel [AMS:AKZA], the Netherlands-based chemical products maker, and the technology division of the Pennsylvania-based chemicals company Air Products, Dutch-language De Telegraaf reported, citing an article in German magazine Wirtschaftswoche.
Evonik might intend to unveil its takeover plans before its 18 May shareholders' meeting, the report noted, citing unnamed sources from the German magazine.
Evonik did not comment about its possible takeover of the Akzo division, De Telegraaf noted, citing Wirtschaftwoche's article. The company did however say that takeover announcements are never dictated by the schedule of shareholder meetings, the item added.
Previously, Evonik has often been mentioned as a possible candidate for a takeover of the Dutch chemicals company DSM, however concrete steps were never announced, the report added.
de Telegraaf