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26 Apr 2017
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Latest Key Developments (Source: Significant Developments)

Lanxess sells 50 pct stake in rubber business to Saudi Aramco
Tuesday, 22 Sep 2015 05:26am EDT 

Lanxess AG:Agrees to sell a 50 percent stake in its synthetic-rubber business to Saudi Aramco, partnering with a supplier of petrochemical raw materials.The deal values the joint venture that the two companies will set up at 2.75 billion euros and operational control will be assumed by Lanxess.Saudi Aramco agreed to acquire the 50 percent stake for around 1.2 billion euros in cash, adjusted for debt and payables.  Full Article

Lanxess AG raises FY 2015 outlook
Thursday, 6 Aug 2015 01:30am EDT 

Lanxess AG:Raises outlook, sees FY 2015 adjusted EBITDA at 840 million-880 million euros.Previous target range of 820 million-860 million euros.FY 2015 adjusted EBITDA 834.53 million euros - Thomson Reuters I/B/E/S.  Full Article

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