Deals
Orica, Littlejohn Are Among Bidders for Chemours Mining Arm
- Solid sodium cyanide unit could fetch over $600 million value
- Chemours announced strategic review of business in March
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Australian explosives maker Orica Ltd., private equity firms Littlejohn & Co. and One Rock Capital are among groups that have submitted bids for the potential sale of Chemours Co.’s mining solutions business, according to people familiar with the matter.
The U.S. chemicals company has received indicative offers for the asset, which could be valued at more than $600 million in a sale, according to the people, who asked not to be named discussing confidential information. Binding bids for the unit could come as soon as next month, one of the people said.