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)
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