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region. The foundation plans on using about 220 million euro per year from 2019 to maintain abandoned coal mines, which mainly involves pumping out the ground water that destabilises tunnels. Since its board of trustees is dominated by federal and regional government officials as well as unions, RAG
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By June 2014, the foundation received the approval from its board of trustees to cut its Evonik stake to 60 percent over the medium term.
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Foundation is also keen to secure Evonik's more than 20,000 jobs in
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RAG Foundation in no hurry to place Evonik shares - CFO
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Germany's RAG maps out steps for cutting Evonik stake
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Matthias
Inverardi and Ludwig Burger (June 4, 2014),
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Germany's RAG maps out steps for cutting Evonik stake
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Matthias
Inverardi and Ludwig Burger (June 4, 2014),
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