Lone Star has entered exclusive negotiations to buy BASF's construction che...
) construction chemicals business as the German chemicals company seeks to focus on more profitable operations, people close to the matter said.
The private equity firm vied with a consortium comprising buyout groups Cinven - which owns peer Chryso - and Bain for the world’s largest maker of chemical additives for concrete, they said. “We received confirmatory bids and are now progressing with a smaller number of interested parties,” he said at the time.
Lone Star had previously walked away from the bidding but was invited back to the negotiating table, sources have said.
France Dernières Nouvelles, France Actualités
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