CHICAGO: LafargeHolcim Ltd has joined the bidding for BASF SE’s construction chemicals business, according to sources, as chief executive officer Jan Jenisch seeks to diversify Europe’s largest cement maker.
The Swiss company is competing with several buyout firms, including Bain Capital and Cinven, that were chosen to proceed to the second round of bidding, the sources said. Building-materials maker Standard Industries Inc, which has partnered with Blackstone Group LP, was also shortlisted, the sources said.
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