⁍ Clariant CLN.S is relaunching the sale of its pigments unit, after putting the auction on hold as the coronavirus pandemic engulfed the world.

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⁍ The company is expected to send out information packages to prospective buyers of the unit this month.

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⁍ buyout groups PAI, Lone Star, Triton and SK Capital are expected to express interest.

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– The H1N1 virus has put the brakes on the sale of Clariant’s pigments unit, but the Swiss chemicals company says the business “remains a leading global player in the industry and as such, any convincing offer will have to reflect this leading position.” Clariant had originally planned to sell the business, which makes dyes for the car and building industries, for around $984 million, but the sale process was put on hold in April as the virus spread, Reuters reports. The company says it is “continuing its transformation program, which has so far seen the successful divestment of the Healthcare Packaging and Masterbatches businesses.”