Rockwood CeramTec Sale Likely to Attract Large Buyout Firms

Reuters reported that Rockwood Holdings plans to focus on lithium for batteries and its proposed sale of its ceramics unit could raise as much as $1.7B.

As quoted in the market news:

The U.S. group will soon provide data on the unit, known as CeramTec, to prospective buyers, mainly large financial investors such as CVC CVC.UL, Bain, Advent, Permira PERM.UL and Blackstone (BX.N), the sources said on Tuesday.

Click here to read the full Reuters report.