Bain Capital to buy chemicals firm Italmatch - sources

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MILAN/LONDON (Reuters) - Bain Capital has won an auction to buy Italian chemicals maker Italmatch, three sources said on Wednesday.

The private equity firm will pay buyout group Ardian around 700 million euros ($811 million) for the company, two of the sources said. Ardian had acquired Italmatch Chemicals in 2014 for 220 million euros, according to media reports.

(Reporting by Massimo gaia, Pamela Barbaglia and Arno Scuetze; Writing by Stephen Jewkes)

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