Evonik Industries may raise about €1 billion from the sale of its carbon black business, The Wall Street Journal reports. Evonik has shortlisted around six bidders for the second round of the auction, which is being managed by Barclays.
Buyout firms, including Advent International, Triton Partners and Rhone Capital may be included in the second round. Other strategic buyers likely to be interested in the sale include Phillips Carbon Black, U.S. Columbian Chemicals, Aditya Birla Group and U.S. Cabot.
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