BASF initiates sale of coatings business at about $6.8 billion valuation, Bloomberg News reports
ReutersMay 30, 2025 9:20 PM
May 30 (Reuters) - German chemicals maker BASF SE BASFn.DE has in recent weeks sent out information to potential suitors for a sale of its coatings business at a valuation of about 6 billion euros ($6.81 billion), Bloomberg News reported on Friday.
Carlyle Group CG.O, along with paint-maker Sherwin-Williams SHW.N, are considering bidding for the BASF's coatings unit, the report said. The business has also attracted early interest from CVC Capital Partners CVC.AS and Lone Star Funds, Bloomberg added.
Reuters couldn't immediately verify the report.
($1 = 0.8812 euros)
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