Lanxess sells majority stake in Lustran to Ineos of UK

July 2007
Chemical Business;Jul2007, Vol. 21 Issue 7, p93
Trade Publication
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.


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