Wendel SE, a French investment firm, is reportedly considering selling Stahl Holdings BV, a chemical manufacturer specializing in coatings and surface treatments.
It is said that Wendel is working with JPMorgan Chase & Co. and Morgan Stanley to facilitate the potential divestment, which could happen as early as next year.
The valuation for Stahl in this potential deal could reach up to €2 billion, which is approximately $2.1 billion.
The discussions are still in the early stages, and the firm is keeping the details confidential as it evaluates its options.