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.
CABB could be valued at 1.3 to 1.8 billion euros, said several people familiar with the matter on Wednesday. Alternatively, the sale to a competitor is also being examined. Permira, CABB and the banks declined to comment.
CABB makes chemicals used in personal care and cleaning products, including disinfectants, which sales boomed during the coronavirus pandemic. The company’s products are also used in pharmaceuticals, food and pesticides.
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