Lanxess has announced the closing of the divestment of its 50% stake in Arlanxeo. In return for handing over the 50% share to JV partner Saudi Aramco, Lanxess receives around €1.4bn.
31 Dec 2018
Arlanxeo closing as expected
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Arlanxeo closing as expected
LANXESS AG (LXS:WBO) | 0 0 (-0.2%) | Mkt Cap: 6,194m
- Published:
31 Dec 2018 -
Author:
Martin Schnee -
Pages:
2
Lanxess has announced the closing of the divestment of its 50% stake in Arlanxeo. In return for handing over the 50% share to JV partner Saudi Aramco, Lanxess receives around €1.4bn.