US DuPont starts car paint unit auction, may get $4bn – report

10 February 2012 22:18  [Source: ICIS news]

HOUSTON (ICIS)--US-based DuPont has begun an auction of its car paint business, which could fetch the company $4bn (€3bn), Reuters reported on Friday.

Already, the auction has attracted interest from several private-equity firms, Reuters reported, quoting sources familiar with the matter.

DuPont's advisor on the deal, Credit Suisse Group, has sent out material about the business, Reuters reported.

DuPont would not comment about the report, citing company policy.

Credit Suisse was not immediately available for comment.

($1 = €0.75)

By: Al Greenwood
+1 713 525 2645

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