"All I can say is that we're in very serious discussions," said Martin Adeney, a spokesman for ICI. Mr Adeney would not confirm that ICI had received a bid from Charterhouse, or name any bidders. "We're in talks with a number of parties," he said.
Analysts had originally thought that the acrylics business, based in Belgium, which had sales of about pounds 536m last year, would fetch between pounds 300m and pounds 450m.
ICI's shares rose by 2 per cent on the reports, before closing yesterday down 9.5p at 739.5p.Reuse content