NEW YORK (dpa-AFX) - The RAG Foundation wants to reduce its stake in the specialty chemicals group Evonik to below 50 percent, according to sources. It is offering up to 23 million shares corresponding to a stake of around 4.9 percent, the Bloomberg news agency reported on Wednesday, citing documents in its possession. In the event of a complete sale, the foundation would still hold a stake of around 47 percent.

The offer price is between 20.71 and 19.99 euros, it added. Evonik shares were last quoted at €20.09 on the Tradegate trading platform, down 3 percent compared to the Xetra closing price on Wednesday./he/men