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Report: PE firm Ardian to sell French chemicals maker Les Derives Resiniques

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Report: PE firm Ardian to sell French chemicals maker Les Derives Resiniques

Private equity firm Ardian is looking to sell Les Derives Resiniques Et Terpeniques SA, Reuters reported, citing unnamed sources.

One of the sources told the news agency that the French chemicals maker could be valued as much as €2 billion in a potential deal.

Ardian tapped Rothschild and Citi to help with the potential sale, which is expected to commence before the end of 2019, Reuters added, citing sources close to the matter.

Ardian and the banks declined to comment, according to the report.