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Chemical Week Magazine :: Business & Finance :: Europe/Mideast
Lubrizol and BASF Negotiating to Acquire Cognis?
April 26, 2010 | Ian Young
Lubrizol has made an approach to Cognis about a possible acquisition bid for Cognis, reports say. The proposed deal could be worth about €3 billion ($4 billion), analysts say. BASF is also considering a separate bid for Cognis and held preliminary talks with Cognis’s owners, reports say. BASF, Cognis, and Lubrizol declined to comment on the reports. for sale: Cognis’s HQ at Monheim, Germany. Goldman Sachs Capital Partners and private equity firm Permira, Cognis’s owners since 2001, have been planning an initial public offering (IPO) for...
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