Carlyle Planning IPO for Auto-Paint Firm Axalta -Bloomberg

Carlyle Group LP ( CG ) is planning an initial public offering for Axalta Coating Systems, the former auto-paint unit of DuPont Co., Bloomberg News reported Wednesday on its website, citing people familiar with the matter.

Axalta, acquired by Carlyle in February 2013, may raise about $1 billion in an offering, and is working with Citigroup Inc. ( C ) and Goldman Sachs Group Inc. ( GS ).

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