Deals
Petronas Said to Join Fray for $4 Billion Lonza Chemical Arm
- Malaysian state oil company vying with buyout firms, Lanxess
- Lonza has asked for second-round bids by early February
A Petroliam Nasional Bhd. (Petronas) gas station in Kuala Lumpur.
Photographer: Ian Teh/BloombergThis article is for subscribers only.
Malaysian state oil producer Petroliam Nasional Bhd. is among suitors vying for a chemicals business being sold by Lonza Group AG, people with knowledge of the situation said.
Petronas is working with an adviser as it considers a second-round bid for the Lonza Specialty Ingredients business, according to the people. Switzerland-based Lonza has asked for offers by early February, the people said, asking not to be identified because the information is private.