Baker McKenzie once again advised MDAX-listed Evonik Industries AG on its annual general meeting (AGM), which took place on 28 May 2025 as a virtual AGM pursuant to Section 118a of the German Stock Corporation Act. The AGM was held at Evonik Industries AG's administrative headquarters in Essen.
The agenda included the appropriation of retained profits, the discharge of the members of the Executive Board and Supervisory Board, the appointment of the auditor, the approval of the 2024 remuneration report, and the adoption of resolutions to amend the Articles of Association to increase the required majority for the removal of Supervisory Board members elected by the General Meeting. All proposed resolutions were adopted by a large majority, including the proposed resolution on the remuneration report.
Dr. Katharina Stüber, corporate/M&A partner at Baker McKenzie, commented as follows:
“I am very pleased that we were once again able to successfully support Evonik Industries at its Annual General Meeting. Whether conducted virtually or in person, our team of experts is ideally positioned.”
This marks Evonik Industries AG's 12th AGM since its IPO, all of which Katharina Stüber has advised.
Evonik is one of the world's leading specialty chemicals companies. The group is active in more than 100 countries, with more than 32,000 employees. In 2024, Evonik generated sales of EUR 15.2 billion and earnings (adjusted EBITDA) of EUR 2.1 billion. In doing so, Evonik goes far beyond chemicals to offer its customers innovative, value-creating and sustainable solutions.
Baker McKenzie's Corporate/M&A team regularly advises on critical General Meetings and structural measures, as well as on national and international transactions. Most recently, Baker McKenzie advised Sunoco on the acquisition of TanQuid Group; Georg Fischer on the acquisition of VAG Group; AURELIUS on the acquisition of Teijin Automotive Technologies; Centric Software on the acquisition of Contentserv Group; Fagron Group on the acquisition of Euro OTC & Audor Pharma GmbH; Berlin Packaging, a portfolio company of Oak Hill Capital Partners and Canada Pension Plan Investment Board, on its acquisition of RIXIUS AG; Instalco on its investment in FABRI AG; AURELIUS on its acquisition of the Savoury Division of What's Cooking; UBE Corporation on its acquisition of the Urethane Systems business of LANXESS; Grundfos on its acquisition of the C&I business of Culligan; and Flipp Operations on its merger with MEDIA Central to become the world's leading provider of drive-to-store marketing.
Legal advisor to Evonik Industries AG: Baker McKenzie
Lead:
Corporate/M&A: Dr. Katharina Stüber (partner, Frankfurt)
Team:
Corporate/M&A: Dirk Horcher (partner, Munich) and Alexander Vogt (associate, Frankfurt)