Advertisement
UK markets closed

  • NIKKEI 225

    38,460.08
    +907.92 (+2.42%)
     

  • HANG SENG

    17,201.27
    +372.34 (+2.21%)
     

  • CRUDE OIL

    82.79
    -0.02 (-0.02%)
     

  • GOLD FUTURES

    2,328.90
    -9.50 (-0.41%)
     

  • DOW

    38,460.92
    -42.77 (-0.11%)
     

  • Bitcoin GBP

    51,438.54
    -1,808.43 (-3.40%)
     

  • CMC Crypto 200

    1,387.06
    -37.04 (-2.60%)
     

  • NASDAQ Composite

    15,712.75
    +16.11 (+0.10%)
     

  • UK FTSE All Share

    4,374.06
    -4.69 (-0.11%)
     
Money:

The five essential pieces of financial paperwork you must never lose

Mislaying key documents can cause real headaches, so it’s worth tracking down these most commonly-lost bits of paperwork

Sinochem, private equity groups in second round of bidding for Atotech - sources

Reuters - UK Focus

FRANKFURT, Aug 4 (Reuters) - France's oil giant Total (LSE: 524773.L - news) has invited chemicals Sinochem and a few private equity firms to prepare final offers for German surface finishing and metal plating company Atotech, people close to the matter said.

Buyout groups including Cinven and BC Partners have also made it to the second round of bidding for the asset, which is expected to fetch more than 3 billion euros ($3.3 billion), the sources added.

Total, Cinven and BC Partners declined to comment, while Sinochem was not immediately available to comment.

Berlin-based Atotech produces speciality chemicals and equipment for printed circuit boards and semiconductors.

The industrial specialty chemicals sector has seen a number of mergers and acquisitions recently as buyers pay rich premiums for high margin business to offset sluggish growth in their established markets. ($1 = 0.8988 euros) (Reporting by Arno Schuetze; Additional reporting by Tris Pan and Benjamin Mallet; Editing by Georgina Prodhan)