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DuPont Considering Automotive Coatings Sale?

2:24 PM MDT | November 3, 2011 | Vincent Valk

DuPont is considering a sale of its automotive coatings unit, financial sources say. The business could be worth as much as $4 billion in sale, according to a report in Bloomberg. DuPont has reportedly retained Credit Suisse (New York) to advise on the transaction, though an auction for the business has not yet been launched.   The business includes a smaller powder coatings business, which will be sold separately, reports say. That business produces coatings for playground equipment and tractors. Greenhill & Co. (New York) is advising DuPont on the sale...

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