--Lanxess AG has teamed up with private-equity firm Apollo Global Management to make a bid for Akzo Nobel NV's $10 billion chemicals division, Bloomberg reports, citing unnamed sources.

--The bid pits Germany's Lanxess against teams that include CVC Capital Partners and KKR & Co.; Advent International and Bain Capital; as well as against solo bids from Carlyle Group LP and Blackstone Group LP, according to Bloomberg.

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(END) Dow Jones Newswires

December 12, 2017 05:26 ET (10:26 GMT)

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