TITLE

Lanxess ponders first acquisition

AUTHOR(S)
Williams, Dede; Gibons, Jane
PUB. DATE
November 2006
SOURCE
ICIS Chemical Business;11/20/2006, Vol. 1 Issue 44, p5
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the consideration of Lanxess to make its first acquisition before the end of 2006. For the full year, management still expects to report pre-exceptional earnings before interest, tax, depreciation and amortization of € 660 to 680 million. In the third quarter, the company made a net profit of € 36 million. CEO Axel Heitmann said it will not bid for Clariant's custom synthesis business, which is up for sale.
ACCESSION #
23272115

 

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