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Lubrizol eyes Cognis purchase

Lubrizol's acquisition run may be set to continue with the possible purchase of specialist additive maker, Cognis.

Lubrizol are one of a number of major bidders looking at the German-based company.  The takeover could be worth a possible €3bn ($4.1bn) and would see Lubrizol purchasing the company from its current owners, Goldman Sachs and Permira.

Other potential bidders for the company, which showed debts of €1.9bn at the end of last year, include German chemical giant, BASF as well as Solvay and Evonik.

 

Tags: Corporate News, Europe, Lubrizol

Published 28th April, 2010

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