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Apollo Management to Sell Some Huntsman Businesses?

11:58 AM MST | January 28, 2008 | Natasha Alperowicz

Private equity firm Apollo Management (New York), the prospective owner of Huntsman Corp., is considering selling two of Huntsman’s businesses, sources tell CW. Apollo is likely to dispose of Tioxide, Huntsman’s titanium dioxide (TiO2) operation, and possibly of two units within Huntsman’s performance products business. Apollo’s $10.6-billion bid, including $4 billion in debt, secured the purchase of Huntsman following an auction last year. Apollo bought Huntsman through Apollo’s Hexion Specialty Chemicals unit and plans to...

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