The company’s chemicals are used in personal care and cleaning products, among other things.
(Photo: CABB)
Frankfurt According to financial circles, the German specialty chemicals manufacturer CABB is preparing to go public in Switzerland in the second quarter of next year. The company owned by the financial investor Permira has hired Deutsche Bank and Bank of America to organize the listing on the Six Stock Exchange. A Swiss bank should be added shortly, it said.
At the IPO, CABB could be valued at 1.3 to 1.8 billion euros, several people familiar with the matter said on Wednesday. Alternatively, the sale to a competitor is also being examined.
CEO Valerie Diele-Braun said on Wednesday that they were examining strategic options for “the next phase of CABB’s growth story”. The company also announced a reorganization. Permira and the banks declined to comment.
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