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BASF, CD&R Said to Mull Exit From Water Treatment Firm Solenis

  • Solenis owners working with advisers to study IPO, sale
  • Potential deal could value Solenis at as much as $5 billion
A chemical tanker barge sits docked at the BASF SE plant on the River Rhine in Ludwigshafen, Germany

A chemical tanker barge sits docked at the BASF SE plant on the River Rhine in Ludwigshafen, Germany

Photographer: Alex Kraus/Bloomberg

German industrial conglomerate BASF SE and its private equity partner are considering exit options for water treatment specialist Solenis, people with knowledge of the matter said.

BASF and Clayton Dubilier & Rice are working with advisers to examine possibilities including a potential initial public offering or sale of Solenis, the people said. They are seeking a valuation of as much as $5 billion, including debt, the people said, asking not to be identified because the information is private.