Chemical Maker Taminco Prices IPO

Taminco Corp, the chemical maker owned by Apollo Global Management, said it would sell about 15.8 million shares for $18 to $20 each in an initial public offering. At the midpoint of the range, the IPO would raise about $300 million. The company said it intends to use the proceeds of the offering to repay debt. U.S. private equity firm Apollo bought Taminco for about 1.1 billion euros ($1.41 billion) from CVC Capital Partners at the end of 2011.

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