Lanxess AG (LXSG.DE)
* Sees flat adj EBITDA in 2015 on harsh competition in rubber
LONDON/DUBAI, March 12 - Saudi Aramco, the kingdom's state oil giant, is close to completing a $10 billion tightly-priced loan, banking sources said on Thursday, part of which could be used to back the purchase of a stake in German synthetic rubber firm Lanxess.
* Could fund minority stake in Germany's Lanxess (Adds detail, context throughout)
Feb 9 - The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Monday:
* Lanxess, Nordea rally after results (Updates with closing prices, adds quite)
* Lanxess, Nordea rally after results (Adds detail, updates prices)
COLOGNE Germany - Lanxess, the world's No.1 maker of synthetic rubber, said it would cut about 1,000 jobs, or 6 percent of its global workforce, to counter overcapacity in the industry but its shares fell on disappointment over projected cost savings.
* To take 150 mln eur in one-off charges, 100 mln of which this yr
FRANKFURT - German chemicals maker Lanxess may slash up to 1,200 jobs, or about 7 percent of its total workforce, as part of a group-wide overhaul to counter overcapacity in the synthetic rubber industry, German daily Rheinische Post reported.
Earnings vs. Estimates
Analyst Research Reports
Lanxess - Finlabo Research Equity Report: Fundamental and Technical Analysis and 6 months performance forecast
Provider: Finlabo SIM Spa
Lanxess AG: Business description, financial summary, 3yr and interim financials, key statistics/ratios and historical ratio analysis.
Provider: Reuters Investment Profile
Provider: Wright Reports
NYSE and AMEX quotes delayed by at least 20 minutes. NASDAQ delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.