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Regions :: Western Europe :: Belgium

Lanxess in Talks to Buy Taminco?

9:13 AM MDT | June 1, 2011 | Ian Young

Lanxess is in preliminary negotiations to acquire Taminco (Ghent, Belgium) from private equity firm CVC Capital Partners, reports say. The discussions cover a proposed deal valued at €1 billion-€1.2 billion, reports add. Lanxess has reportedly hired JP Morgan Chase to advise on the possible acquisition of Taminco. Lanxess and Taminco declined to comment on the reports, but Taminco said earlier that its owners are exploring options for the company, including a divestment. CVC cancelled an initial public offering for Taminco last year and intends to...

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