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.
Published 28th April, 2010
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