Decision on Stahl expected by summer
Private equity firms have shown interest in buying leather chemicals-maker Stahl, according to Reuters’ sources.
However, its owner, Wendel, may choose to refinance the business, they said, with a decision expected “before the summer break”.
Wendel hired investment banks in March to help look for potential buyers and received interest from buyout firms Apollo, CVC and Cinven.
Wendel bought Clariant’s leather division in 2013. Clariant owns 23% as part of the deal.