April 12 (Reuters) - Chinese chemical products makerShanghai Jahwa United Co is in advanced talks to buyTommee Tippee, which manufactures baby products, for close to300 million pounds ($428 million), Sky News reported onTuesday.
The Chinese company is looking to strike a deal with privateequity firm 3i Group, the owner of Mayborn Group whichcontrols the Tommee Tippee brand, Sky News said, citing unnamedsources. (http://bit.ly/1SdGBJQ)
It said the deal could be announced as soon as this week,although it could be delayed or not even materialise.
Sky News reported in September that 3i Group planned astrategic review of Mayborn Group, putting it up for sale andvaluing it at roughly 275 million pounds.(http://bit.ly/1IKXxvR)
3i Group and Shanghai Jahwa were not immediately availablefor comment.($1 = 0.7009 pounds) (Reporting by Sneha Teresa Johny in Bengaluru; Editing byAlexander Smith)