According to unconfirmed reports, private equity firm Permira is considering exiting from its ownership in CABB after seven years and an auction may begin next year. The German-headquarters fine and speciality chemicals producer could raise about $1.2 billion, it is estimated.

Permira, which has about €44 billion in committed capital around the world, originally acquired CABB from Bridgepoint in 2014. Four years later, it bought Evonik Jayhawk Fine Chemicals, adding a US presence to the company.

The European Commission has opened an in-depth investigation to assess whether two support measures that Poland granted to PCC MCAA to invest in a new monochloroacetic acid (MCAA) plant in 2012-13 were in breach of EU rules on regional State aid.