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CVC under threat from chemicals counter-bid

A German company backed by BC Partners is understood to be eyeing a bid for Dutch chemicals distributor Univar, which has agreed to be bought for €1.52bn ($1.7bn) by CVC Capital Partners.

An analyst said that Brenntag, the chemicals distributor bought by BC for €3.5bn last year, was considering mounting a counter-bid for the Rotterdam-based firm.

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