RAG plans complete takeover of Degussa.RAG AG, Essen, Germany, which holds a 50.1% interest in Degussa AG through its wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. RAG Projektgesellschaft mbH (RPG (Report Program Generator) One of the first program generators designed for business reports, introduced in 1964 by IBM. In 1970, RPG II added enhancements that made it a mainstay programming language for business applications on IBM's System/3x midrange computers. ), announced it intends to acquire all the remaining shares in Degussa. In a basic agreement, RAG and E.ON E.ON Energy On (German energy company) AG have agreed on divestment of the 42.86% of Degussa's capital stock held by E.ON to RPG effective July 1, 2006. At the same time, RAG intends to make a voluntary public offer to all other Degussa shareholders via its subsidiary RPG to acquire their shares at a price of EUR EUR In currencies, this is the abbreviation for the Euro. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 42 per share. |
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