LANXESS AG (LXSG.DE)
16 Mar 2018
March 16 The following bids, mergers, acquisitions and disposals were reported by 2100 GMT on Friday:
Unexpected euro zone slack could slow inflation rebound: ECB's Praet
FRANKFURT/LONDON/NEW YORK Germany's Lanxess has dropped out of a consortium bidding for Akzo Nobel's specialty chemicals business, two people close to the matter said.
* Unit seen valued at around 9 bln euros (Updates with reaction from Akzo Nobel)
FRANKFURT/LONDON/NEW YORK, March 16 Germany's Lanxess has dropped out of a consortium that includes U.S. private equity firm Apollo in the bidding war for Dulux paint maker Akzo Nobel's specialty chemicals business, two people close to the matter said.
FRANKFURT Germany's Lanxess said full-year core earnings rose by almost 30 percent, driven by volume gains in specialty chemicals and also boosted by the takeover of U.S. peer Chemtura.
FRANKFURT, March 6 Buyout group Ardian is considering options including a potential sale for its Italian chemicals maker Italmatch as it seeks to lock in high sector valuations, people close to the matter said.
* Cyclicals pull back after strong run http://reut.rs/2A1nr6L