COLOGNE, Germany Germany's Lanxess said on Thursday weak demand from Chinese automakers for its plastics business, offset by a better outlook for agrochemical ingredients, would lead to flat operating earnings this year.
FRANKFURT BioNTech, Europe's largest unlisted biotech firm by staff numbers, has hired banks to prepare for an initial public offering (IPO) worth as much as $800 million as early as this year, people familiar with the plan told Reuters.
DARMSTADT, Germany German drugs and lab supplies group Merck KGaA is encouraged by the market reaction to its unsolicited bid for Versum, as it seeks to break up the U.S. company's agreed merger with a rival suitor, Merck said on Thursday.
FRANKFURT Germany's Merck KGaA on Tuesday called on shareholders of Versum Materials to put pressure on the electronic materials maker's management to consider its jilted takeover proposal over a rival offer.
FRANKFURT Shares in German chemicals group Evonik jumped to a three-month high on Tuesday after it sold its clear acrylic sheet unit for a larger-than-expected sum of 3 billion euros and allayed investor concerns about its cash flow.
FRANKFURT German chemicals group Evonik has agreed the key terms of a 3 billion euro ($3.4 billion) sale of its methacrylates plastics unit to buyout group Advent a year after its decision to shed the business.
* Agreement in principle comes one year after decision to
FRANKFURT New car sales in Germany, Europe's largest auto market, rose 3 percent year-on-year in February, rebounding from January's decline in what is a ray of hope for an embattled industry due to convene at a major European trade show this week.
* Geneva car show starts this week
(Adds global trend, details on motor show)
FRANKFURT Linde Plc, the industrial gases group created from the merger of Linde AG and Praxair, is targeting 8-12 percent growth in 2019 earnings per share thanks to cost cuts, even as revenue growth slows, it said on Friday.