Investment banks are lining up to advise Degussa, the German conglomerate, on its disposal programme as it seeks to redefine itself as speciality chemicals business.

This week UBS Warburg became the latest bank to benefit from the disposals, when it advised Degussa on the €576m ($495m) sale of its dental business to Dentsply International, a US dental products company. Credit Suisse First Boston advised Dentsply.