Degussa has confirmed newly come press reports that it is seeking to vend its food ingredients business.

Degussa has confirmed newly come press reports that it is seeking to vend its food ingredients business, and says it has appointed Lazard (London) to manage the transaction. No timetable has been station Degussa says. Degussa is "looking for an external solution for sustenance ingredients," mainly because the business is too small, CFO Heinz-Joachim Wagner said at a newly come presentation to analysts. The cheer ingredients business is worth about 700 million [euro] ($868 million), analysts say.

Degussa's

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