UK's Elementis explores sale of chromium unit - Bloomberg News
25/03/2022 17:39
March 25 (Reuters) - British chemicals group Elementis
ELM.L is considering options for its chromium unit, including
a potential sale, Bloomberg News reported on Friday, citing
people familiar with the matter.
Proceeds from the potential sale could help the
London-listed company invest in its coatings and personal care
businesses, the report UK's Elementis mulls sale of Chromium
Unit - Bloomberg News said.
No final decision has been made and Elementis could also opt
to keep the business, according to the report.
Elementis declined to comment on the report.
Last year, U.S.-based chemicals firm Innospec Inc IOSP.O
called off a possible offer for Elementis after its 160
pence-per-share bid was rejected. urn:newsml:reuters.com:*:nL4N2MD3RK
(Reporting by Amna Karimi in Bengaluru; Editing by Devika
Syamnath)
((Amna.Karimi@thomsonreuters.com; +91 8083261226))