Lanxess Withdraws From Akzo Nobel Unit Bid -Reuters

--German company Lanxess has withdrawn from a consortium bidding for Akzo Nobel's specialty chemicals division, according to unnamed sources, Reuters reports.

--The other consortium partners, including U.S. private-equity firm Apollo Global Management and Dutch fund PGGM, are still in the running, the sources said, according to Reuters.

--The sources said other bidders for the specialty chemicals business, valued at about 9 billion euros ($11.1 billion), include Carlyle Group, Hal Investments and Advent International partnered with Bain Capital Private Equity, Reuters reports.

Full story: http://reut.rs/2FPZyxV

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March 16, 2018 09:50 ET (13:50 GMT)

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