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Issue 2 2019 - LANXESS completes sale of ARLANXEO to Saudi Aramco

 Last Update: 2022-11-11
 Source: Internet
 Author: User

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LANXESS completes sale
of ARLANXEO to Saudi Aramco and recently sold the remaining 50% stake in ARLANXEO to its former joint venture partner Saudi Aramco
.
The parties announced the transaction in August 2018 and have now obtained the necessary approvals
from all relevant antitrust authorities.
LANXESS received a return of
around EUR 1.
4 billion.
These gains help LANXESS strengthen its financial base and significantly reduce its net financial debt value
.

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