Sika Is Said to Explore Asset Sales After $6 Billion MBCC Deal

Sika AG is considering divesting assets, including some U.S. admixtures operations, to win regulatory approval for its $6 billion acquisition of German rival MBCC Group, people familiar with the matter said.

The Swiss building materials company is working with advisers at Bank of America Corp. as it studies potential disposals to reduce overlaps between the two companies, the people said, asking not to be identified as the information is private.

Based on a preliminary analysis, Sika may need to divest operations with combined annual sales of about 150 million Swiss francs ($163 million), one of the people said. It ...