RAG's subsidiary Degussa sells industrial chemicals business

Dusseldorf (ots) -

Degussa AG, Dusseldorf, the world's leading specialty chemicals
company, is parting from its industrial chemicals business via a
management buyout. Through the buyout the Managing Director of
Mannheim-based Goldschmidt TIB GmbH, Dr. Karsten Tiemann, takes over
the activities in Germany and Mexico. The US business is to be sold
separately. Silence has been agreed on details of the management
buyout. The transaction - which is still subject to the approval of
the relevant boards - should be completed before the end of this
year.

Dr. Klaus Engel, Management Board Chairman of Degussa AG and
Member of the Management Board of RAG Aktiengesellschaft: “With this
transaction we have found a very good solution for all parties. We
are parting with a non-core business activity in line with our
approach of consistently optimizing our portfolio. At the same time
we are providing the industrial chemicals business and its employees
very promising perspectives for the future within a new owner
structure.”

In 2005 the approx. 330 employees of the industrial chemicals
business in Germany and Mexico generated sales of more than 85
million euros. The Group is a leading manufacturer of industrial
chemicals with business activities in basic chemicals (acids,
sulphur and zinc chemicals), anorganic specialty chemicals
(electroplating and copper chemicals, tin specialties) and coating
systems (corrosion protection, bitumen specialties).

Degussaa wholly owned subsidiary of the RAG Group-is the global
market leader in specialty chemicals. Our business is creating
essentials-innovative products and system solutions that make
indispensable contributions to our customers' success. In fiscal
2005 around 44,000 employees worldwide generated sales of 11.8
billion euros and operating profits (EBIT) of 940 million euros.

Originaltext: Degussa AG
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ISIN: DE0005421903

Contact:
Hannelore Gantzer
Spokeswoman
Corporate Communications

T +49-211-65041-368
F +49-211-65041-527

hannelore.gantzer@degussa.com

Degussa AG
Bennigsenplatz 1
40474 Dusseldorf

www.degussa.com


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