MaterialScience, Bayer’s (BAYGn.DE) plastics division, which plans to list on the stock exchange soon, could consider acquisitions, especially in polyurethane-related business, its head told a German paper.
The company could be listed as early as October in an IPO potentially worth more than 10 billion euros ($11 billion), sources familiar with the plans told Reuters last month.
Patrick Thomas, MaterialScience’s Chief Executive, told Handelsblatt in an interview published on Monday that the company may consider acquisitions in the area of “polyurethane-based coating raw materials or dispersions”, should appropriate assets come up for sale.
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