Evonik says preparing diaper materials business for potential sale
22/09/2020 11:39
DUESSELDORF, Germany, Sept 22 (Reuters) - German chemicals
maker Evonik EVKn.DE on Tuesday said it would prepare its
superabsorber business, which makes materials for diapers and
hygiene products, for a possible sale in about six to nine
months.
After an organisational carve-out, Evonik would put the
business up for sale, seek a partner or restructure it further,
a spokesman told Reuters.
The division competes with BASF BASFn.DE , Nippon Shokubai
4114.T , Sanyo Chemical 4471.T and LG Chem 051910.KS .
(Reporting by Matthias Inverardi
Writing by Ludwig Burger
Editing by Michelle Adair)
((ludwig.burger@thomsonreuters.com; +49 69 7565 1311; Reuters
Messaging: ludwig.burger.thomsonreuters.com@reuters.net))