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French Materials Firm Imerys Eyes $1 Billion Unit Sale

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Imerys SA, the French provider of specialty materials, is planning a sale of its high temperature solutions business, people familiar with the matter said.

The Paris-based company is working with advisers at Morgan Stanley and Rothschild & Co. to gauge interest in the unit, according to the people, who asked not to be identified because the information is private. It could fetch as much as 900 million euros ($1 billion), the people said.