FRANFURT, Germany (Sept. 17) — The parent of Degussa A.G. — RAG Beteiligungs-AG — has changed its name to Evonik Industries. Degussa will now be as the Chemicals Business Area of Evonik Industries.
Evonik said previous corporate brands such as Degussa, Steag and RAG Immobilien will no longer exist. In the short term, the company still operates a Web site at degussa.com.
The name change is in preparation for a IPO scheduled for the first half of 2008.