TITLE

A deal driven by ambition

AUTHOR(S)
Davis, Nigel
PUB. DATE
May 2007
SOURCE
ICIS Chemical Business;5/14/2007, Vol. 2 Issue 66, p5
SOURCE TYPE
Trade Publication
DOC. TYPE
Editorial
ABSTRACT
The article discusses the plan of Axel Heitmann, chief executive offer (CEO) of Lanxess, to acquire rival firm Degussa. It claims that Heitmann's plan is part of his ambition to become a new driving force in the German chemicals industry. It reveals that there is a political aspect to Heitmann's ambition to acquire Degussa. It argues that Heitmann's claim that it can offer €6 billion for Lanxess is a stretch.
ACCESSION #
25393684

 

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