German-based chemicals company Degussa is considering the sale of its food ingredients business, which is valued at around €600m (US$735.5m).

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A Degussa spokeswoman said the company would contact prospective buyers within the coming weeks, reported Agence France Presse. However, if a buyer does not emerge, the company will consider looking for a partner for the business, the spokeswoman added.


The company said it was considering the sale because it believes the unit is too small to be able to gain a leading market position on its own.


Degussa’s food ingredients unit makes flavourings, colorants and preservatives.

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