BRUSSELS Feb 12 Belgian specialty metals and
materials group Umicore (UMI.BR) is interested in acquiring the
catalyst unit of Germany's Sued-Chemie SUCG.DE, Belgian
business daily De Tijd said on Friday.
The newspaper said no deal had been reached and did not
specify whether Umicore was looking to buy the whole of
Sued-Chemie or just the catalyst division, although the latter
was the ultimate prize.
Umicore, which is one of the world's leading producers of
automotive catalysts, said on Thursday, after releasing 2009
results, it would consider possible acquisitions, but did not
give details. [ID:nLDE6190VK]
A spokesman said on Friday the company declined to comment
on market speculation.
Munich-based Sued-Chemie has two divisions -- adsorbents and
catalysts -- generating sales of about 1.2 billion euros. Its
catalysts are used to produce hydrogen and in emission control.
One Equity Partners LLC, which manages funds for JP Morgan
Chase (JPM.N), owns 50.41 percent of the company.
(Writing by Philip Blenkinsop; Editing by Mike Nesbit)