Air Products in talks to sell performance materials unit to Evonik -source

March 16, 2016 11:21 PM

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March 16 Industrial gas producer Air Products and Chemicals Inc is in advanced talks to sell its performance materials operations to Germany's Evonik Industries AG, a source familiar with the matter told Reuters.

The unit which makes chemicals used in sun lotion and paint could be valued at more than $3.5 billion, according to the source.

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