REICHHOLD <RCI> EXPLORING SALE OF EUROPEAN UNIT Reichhold Chemicals Inc said it is exploring the sale of its stake in its European subsidiary Reichhold Chemie AG. Reichhold Chemie Ag, headquartered in Rausen, Switzerland, had sales in excess of 75 mln dlrs last year. It is 83 pct owned by Reichhold. The rest is owned by German and Swiss shareholders. Reichhold said it is seeking the sale to focus on its adhesives business.