Reported about 6 hours ago
French investment firm Wendel SE is considering selling Stahl Holdings BV, a chemical manufacturer specializing in coatings and surface treatments, potentially valuing the deal at up to €2 billion. Wendel is collaborating with JPMorgan Chase & Co. and Morgan Stanley on this exploration, which may conclude as early as next year. Stahl achieved around €914 million in sales last year and has expanded through acquisitions, while Wendel has held a 68% stake since acquiring the company in 2006.
Source: YAHOO