TITLE

Lanxess sells majority stake in Lustran to Ineos of UK

PUB. DATE
July 2007
SOURCE
Chemical Business;Jul2007, Vol. 21 Issue 7, p93
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the sale of the majority stake at styrenic resins business Lustran by Lanxess AG to British chemical company Ineos Group. According to chief executive officer Axel Heitman of Lanxess, the combination with Ineos, which is the world's 3rd largest chemical group by sales, will make Lustran better equipped to compete. Lanxess said that it will take an initial payment of 35 million euros from Ineos.
ACCESSION #
26134001

 

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