German bill is set to scupper merger move

Williams, Dede
May 2007
ICIS Chemical Business;5/21/2007, Vol. 2 Issue 67, p10
Trade Publication
The article reports on the impact of a bill introduced by the German government that will end coal mining on a merger deal between Lanxess and Degussa. The proposal is set to be rubberstamped through parliament, meaning a stock launch of Degussa and its parent RAG could take place in 2008. Lanxess chairman Axel Heitmann stated that he supported a merger.


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