Carlyle (CG) is nearing a roughly EUR 7B deal to buy BASF’s (BASFY) coatings business, The Financial Times’ Ivan Levingston, Sebastien Ash, and Oliver Barnes report. Carlyle has beat out other private capital groups in an auction for the business unit and is now in exclusive talks with BASF, according to people familiar with the matter.
Claim 70% Off TipRanks This Holiday Season
- Unlock hedge-fund level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CG:
- Carlyle price target lowered to $50 from $56 at BofA
- Carlyle Group’s Growth Potential and Market Outperformance: A BMO Capital Analyst Recommendation
- Carlyle initiated with an Outperform at BMO Capital
- Carlyle Group: Hold Rating Amid Balanced Growth Prospects and Valuation Concerns
- Private Markets: Ring maker Oura to become $11B company