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Imerys Competes With Axa for Materis Aluminates Unit, Echos Says

June 12, 2012

Imerys SA (NK), Axa Private Equity, PAI Partners and Astorg are in the second round of bidding for Materis SA’s aluminates unit Kerneos, Les Echos reported, without citing anyone.

Kerneos may fetch around 800 million euros ($999 million), or about 10 times earnings before interest, taxes, depreciation and amortization, the newspaper said.

Materis is a building-materials supplier owned by private- equity firm Wendel. Aluminates are used in cement.

To contact the reporter on this story: Francois de Beaupuy in Paris at

To contact the editor responsible for this story: Benedikt Kammel at

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