17 Feb 2006

A formal auction of German industrial group Degussa's construction chemicals business began on February 13, after private equity firms beat a bid by German industrial group, BASF.

Despite BASF already raising its bid by Eu100m, at least two other buy-out firms have beaten the offer, inducing Degussa to open ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial