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Lenzing AG Finalizes Sales of its Business Unit Plastics
Lenzing AG announced that it has finalized the sale of its Business Unit Plastics (Lenzing Plastics GmbH). The closing of the transaction took place on June 27, 2013 following antitrust approval. The buyer is an Austrian consortium led by Invest AG, the investment company of the Raiffeisen Banking Group Upper Austria based in Linz. The acquisition agreement regulating the transfer of 85% of the shares in Lenzing Plastics GmbH to the consortium was already signed in April 2013.
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