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Wednesday, April 7, 2010 as of 11:14 AM ET

Deutsche Bank

Deutsche Bank AG (literally "German Bank"; ) is a global banking and financial services company with its headquarters in the Deutsche Bank Twin Towers in Frankfurt, Hesse, Germany.

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Evonik Sees IPO Before Summer Break

Germany's Evonik Industries AG said Friday its owners as well as the executive and supervisory boards confirm the initial public offering plan for the chemicals company and the first trading day is expected "before the summer break.

"MAIN FACTS:-The owners, RAG-Stiftung, which has a 74.99% stake, and funds of private equity manager CVC Capital Partners, which have a combined 25.01% stake, will sell shares in a ratio of two to one.-The shares will be listed in the Prime Standard segment of the Frankfurt stock exchange.-"Despite the challenging conditions on the financial markets, we are entering the intensive phase of preparations for the planned stock exchange listing with great confidence," said Evonik Executive Board Chairman Klaus Engel.-"The company is extremely well prepared for the planned stock exchange listing, which plays an important role in the RAG-Stiftung's financing of the perpetual costs of the German hard-coal mining industry and thus in meeting the foundation's purpose,...

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  1. United Technologies Brings 6-Part Deal To US Bond Market

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  7. Former Billionaire Schickedanz Seeks EUR1.9 Billion From Deutsche Bank Unit

    Former billionaire Madeleine Schickedanz has filed a long-awaited lawsuit against Deutsche Bank AG's (DBK.XE) private wealth management unit Sal. Oppenheim and other...

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