Urethane Blog
BASF Mulling Interest in Sale of Construction Chemicals Business
June 3, 2019
BASF seeks sale of $3B construction chemicals business – Bloomberg
BASF (OTCQX:BASFY -1.3%) has launched a sale process for its construction chemical business, which could fetch ~€2.7B ($3B), Bloomberg reports.
Carlyle Group and Standard Industries are among parties weighing offers for the BASF unit, which also could attract interest from other P-E firms including Bain Capital, Cinven and KKR, according to the report.
The unit generated EBITDA of €245M last year on €2.4B in sales.
https://seekingalpha.com/news/3468380-basf-seeks-sale-3b-construction-chemicals-business-bloomberg#email_link
Sign Up for Email Updates
Everchem Updates Archive
Recent News
July 18, 2024
July 11, 2024
July 9, 2024