Rothschild gets new mandate
THERE were some weary sighs yesterday amongst the bankers working on the possible IPO of the German chemicals group Evonik after the selling shareholders appointed Rothschild to advise them on the deal.
“That’s all we need,” said one of the syndicate working on trying to sell Evonik shares to the public, if the £5bn share deal goes ahead.
The sellers, who include CVC, are already being advised by the Swiss outfit Lilya, and few expect the deal to get any easier with another adviser on board.