US DuPont considers selling cyanide business – report

29 January 2013 23:02  [Source: ICIS news]

HOUSTON (ICIS)--DuPont is considering selling its cyanide business, and it has hired Morgan Stanley to run the process, according to a news report published on Tuesday.

The business could be worth more than $700m (€518m), according to Reuters, which quoted two sources who it said were familiar with the possible sale. The unit is projected to have $100m in earnings before interest, tax, depreciation and amortisation (EBITDA), Reuters reported.

DuPont declined to comment, citing company policy.

Morgan Stanley did not immediately respond to a request for comment.

($1 = €0.74)

By: Al Greenwood
+1 713 525 2645

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