The Financial Times is reporting today that Dow Chemical Co. is looking for a buyer for its polypropylene licensing and catalyst business. The FT's story cites all unnamed sources, but it has enough detail to sound convincing. According to Marlene Givant Star's report, Midland, Mich.-based Dow has hired Citi to sell the business, which it estimates generated $1 billion in sales and $50 million in profit. Sources expect that a strategic buyer will be interested in Dow's metallocene PE technology.
Is Dow shopping its PP licensing business?
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