22 December 2010 16:52 [Source: ICIS news]
Sud-Chemie spokesman Patrick Salchow told ICIS his company was aware of the report but was not able to comment.
However, Salchow confirmed that Sud-Chemie’s majority owner, One Equity, had said in October that it was planning to sell its 50.41% stake next year, either in a public share offering or to a strategic investor.
Since then, financial media had cited a number of chemical companies – “the usual suspects” – as interested in buying Sud-Chemie, he added.
In addition to Honeywell and
The report by Bloomberg said potential buyers for One Equity’s stake in Sud-Chemie were expected to submit bids by this week. Sud-Chemie’s enterprise value was estimated at €2bn ($2.6bn), the report said.
In related news, credit rating agency Moody’s said this month that
Sud-Chemie was focussing on the high-growth sector of electric vehicle battery technology, a move that would profoundly change the company, its CEO Gunter von Au said recently. In July, the company announced a lithium iron phosphate in
($1 = €0.76)For more on
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|