Lanxess Withdraws From Akzo Nobel Unit Bid -Reuters
March 16 2018 - 10:05AM
Dow Jones News
--German company Lanxess has withdrawn from a consortium bidding
for Akzo Nobel's specialty chemicals division, according to unnamed
sources, Reuters reports.
--The other consortium partners, including U.S. private-equity
firm Apollo Global Management and Dutch fund PGGM, are still in the
running, the sources said, according to Reuters.
--The sources said other bidders for the specialty chemicals
business, valued at about 9 billion euros ($11.1 billion), include
Carlyle Group, Hal Investments and Advent International partnered
with Bain Capital Private Equity, Reuters reports.
Full story: http://reut.rs/2FPZyxV
Write to Barcelona editors at barcelonaeditors@dowjones.com
(END) Dow Jones Newswires
March 16, 2018 09:50 ET (13:50 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
Akzo Nobel NV (EU:AKZA)
Historical Stock Chart
From Dec 2024 to Jan 2025
Akzo Nobel NV (EU:AKZA)
Historical Stock Chart
From Jan 2024 to Jan 2025
