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Markets :: Specialty Chemicals :: Paints and Coatings
Report: Carlyle Likely Winner in DuPont Automotive Coatings Bidding
3:43 PM MDT | August 7, 2012 | Vincent Valk
Private equity firm Carlyle Group (New York) is the leading bidder in the auction for DuPont’s automotive coatings business, according to a Reuters report. The report says that the business could be sold for upwards of $4.5 billion. Apollo Management (New York) has also shown interest in the business, but is unwilling to match Carlyle’s price, the report adds. Carlyle is no stranger to chemicals and fuels investments. Last month, Carlyle announced a joint venture with Sunoco under which the firm purchased a majority stake in Sunoco’s...
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