Kimberly-Clark's (KMB) international tissue business, valued at around $4 billion, is attracting acquisition interest, with Indonesia's Asia Pulp & Paper seeking up to $2 billion in loans to support its bid, Bloomberg reported Thursday, citing people familiar with the matter.
The report said Asia Pulp & Paper, which is considered one of the leading contenders, is in discussions with banks and private credit funds.
Talks are still ongoing and may not result in a deal, Bloomberg said, citing people.
Asia Pulp & Paper and Kimberly-Clark didn't immediately respond to requests for comment.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
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