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)
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|