The unit was reportedly worth up to CHF 900m (EUR 834m) at the time.Īppointed advisers at Deutsche Bank, who were seeking offers of around 8x EBITDA for Pigments prior to the crisis, might now reasonably expect to field bids in the region of 7x EBITDA to accommodate for any pandemic-induced earnings impact, said two of the sources. The Swiss specialty chemicals maker sent out information memoranda for the unit, which makes dyes for the car and construction industries, to potential suitors in March before the outbreak took hold, the sources said. The sale of Clariant’s Pigments unit is set to be revived in September after COVID-19 forced management to postpone initial buyer meetings in April, according to three sources familiar with the matter.

The sale of Clariant’s Pigments unit is set to be revived in September after COVID-19 forced management to postpone initial buyer meetings in April, according to three sources familiar with the matter. The Swiss specialty chemicals maker sent out information memoranda for the unit, which makes dyes for the car and construction industries, to potential suitors in March before the outbreak took hold, the sources said.

Pigments 3 sale