According to industrial sources, chemical giant E. I. Du Pont de Nemours and Company (NYSE:DD) has launched the sale process of its car paints business, which could bring in more than $4 billion.
The sources further reported that the sale will pull the interests of the private equity players. The private parties believe that they can cut costs easily so that the unit can reap more profits. Other chemical companies may also be interested in the sale, as per the reports.
DuPont’s adviser on the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards