Evonik rises as unit sale plans bolster restructuring strategy

Evonik Industries AG

22/09/2026 09:31

** Shares in Evonik EVKn.DE rise 3% after the German chemicals group said it would divest two units as part of its reorganization process, which will enter a second phase in 2027
** Evonik intends to divest Syneqt, which groups together its infrastructure assets, and is in talks to sell C4-chemicals maker Oxeno, which Berenberg analyst Sebastian Bray says might be the reason for the share move
** The shares are on track for their best day since late July if the gains hold and have risen 33% YTD

(Reporting by Anastasiia Kozlova)
((Anastasiia.Kozlova@thomsonreuters.com))