International. The multinational manufacturer of chemical inputs and coatings DuPont would be considering the possibility of selling its high-performance paints business valued at US $ 4 billion, including the automotive line, as reported by bloomberg and Wall Street Journal portals.
A possible fall in the demand for products, followed by a rise in the price of raw materials used for the formulation of high-performance automotive paints would be the reasons why the multinational would have made that decision.
In a conference call with the Wall Street Journal, DuPont President and CEO Ellen Kullman refused to "be drawn in a unit sale scenario" and said the company's primary goal is to return to double-digit percentage earnings next year.
However , in the stock markets the rumor continues to gain strength, especially after it was known that DuPont had contacted the company Credit Suisse to locate potential buyers interested in the business and the firm Greenhill & Co. to separately handle the sale of a powder coatings unit within the division.
The high-performance paints business unit generated 12% of DuPont's 2010 profits, estimated at $31.5 billion , and is a supplier to companies such as Ford and General Motors.
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