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Private Equity Firm Looks to Divest Ruetgers Chemicals

3:11 PM MDT | March 14, 2012 | Sotirios Frantzanas

Private equity firm Triton (London) says it is looking to divest its holding in Ruetgers Chemicals (Castrop-Rauxel, Germany). Triton has hired Goldman Sachs to look for possible buyers, according to sources close to the process. Himadri Chemicals (Kolkata, India) is interested in bidding for Ruetgers Chemicals, Anurag Choudhary, CEO at Himardi Chemicals told Reuters.  A price tag of €700-750 million ($925-990 million) could be within reach, according to industry sources. Private equity groups are also likely to bid, industry sources...

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