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Evonik Industries AG Rellinghauser Straße 1-11 45128 Essen, Germany http://www.evonik.com
Contact Ms Anja Habisch +49 201 1773002
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Evonik Industries AG

Stable new ownership structure is being prepared for Vivawest and THS

Plans to combine Vivawest and THS in a new legal structure / RAG-Stiftung, IG BCE, Evonik Pensionstreuhand e.V. and Evonik Industries AG will be shareholders in the future combined company

(PresseBox) (Essen/Hanover, )
Evonik Industries AG and the German Mining, Chemical and Energy Industrial Union (IG BCE) have agreed with RAG-Stiftung on a future ownership structure for Vivawest. This was approved yesterday by Evonik's Supervisory Board. As a first step, Vivawest and THS combined property management for their residential real estate activities effective January 1, 2012. Now Vivawest GmbH and THS GmbH are to be combined in a single legal structure with a stable new ownership structure.

RAG-Stiftung intends to take a 30 percent stake in the combined company. This still has to be approved by the Board of Trustees of RAGStiftung.
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