Arlanxeo divestment set for yearend

Cologne. Germany – Lanxess expects the sale of its 50% stake in Arlanxeo to joint venture partner Saudi Aramco to complete as planned by 31 Dec.

“All necessary approvals from the anti-trust authorities have been obtained. Therefore, we are fully on track for a closing by the end of this year,” Lanxess said in a 3 Dec written statement to ERJ.

Both parties have contractually agreed to close the deal on 31 Dec, stated the German partner, adding: “This is the date we are aiming at so…

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