Sika Launches Sale of MBCC Assets After Regulatory Pushback (1)

Sika AG has launched the sale of a global package of assets to address regulatory concerns over its acquisition of MBCC Group, according to people familiar with the matter.

The Swiss construction chemicals company has sent initial marketing documents to potential buyers and expects first-round bids in October, the people said, asking not to be identified discussing confidential information. Private equity bidders as well as some rival strategic bidders are set to look at the assets, the people said.

Potential suitors include buyout firms CVC Capital Partners, which could team up with a company like Mexico’s Cemex, as well ...