THE WHAT? Lonza is said to have shortlisted six interested parties in the sale of its Specialty Ingredients unit, according to a report published by Reuters. Those that have made the cut include German chemicals supplier Lanxess as well as buyout groups Advent, Carlyle Partners and private equity consortium Bain and Cinven.
THE DETAILS The next round for the SF3 billion business will be the penultimate, with a further edit made before the final bids are submitted, Reuters reports.
THE WHY? Lonza is said to be shedding non-core assets in order to simplify its corporate structures and it’s not the only one. Similar moves have been reported over at Clariant and ABB, Reuters said.