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RAG to sell SaarGummi profiles business; Automotive profiles operation is for sale as RAG Group focusses on energy and Degussa chemicals unit. On 1 June, RAG also raised its stake in Degussa to a controlling 51 percent, from its previous 48 percent.

Publication: European Rubber Journal
Publication Date: 01-SEP-04 		Format: Online
Delivery: Immediate Online Access
Full Article Title: RAG to sell SaarGummi profiles business; Automotive profiles operation is for sale as RAG Group focusses on energy and Degussa chemicals unit. On 1 June, RAG also raised its stake in Degussa to a controlling 51 percent, from its previous 48 percent.(News)(RAG Saarberg AG)

Article Excerpt
Byline: Liz White

RAG Saarberg is selling its [euro]300-million turnover SaarGummi GmbH automotive profiles business, headquartered in Buschfeld, Germany.

The planned sale of SaarGummi follows a turnaround by German diversified conglomerate RAG Group regarding the sale of its RAG Saarberg energy-based business unit, which is no longer being divested in its entirety.

RAG Group-now also the majority owner of chemicals group Degussa AG-decided...

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