U.S. chemical company E.I. DuPont de Nemours & Co. (DD) is seeking buyers for DuPont Teijin Films, a polyester film joint venture with Japan-based Teijin Ltd. (3401.TO), Bloomberg News reported Thursday on its website, citing unnamed sources.

DuPont is also looking to sell another business that makes powder-based paint, the report said. Both the assets would likely fetch less than $1 billion each, the report quoted the sources as saying.

The company might also buy the 28% stake it doesn't already own in Solae--a soybean-based food products joint venture with Bunge Ltd. (BG)--instead of selling it as previously planned, the report said, quoting one unnamed source.

A DuPont spokesman declined comment, according to the report.

Full Story: http://www.bloomberg.com/news/2011-10-12/dupont-said-to-seek-buyers-for-teijin-venture-powder-paint-unit.html

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