IHS Chemical Week

World News and Views :: Top of the News

Lanxess Completes Pull-out from ABS; Receives No Payment for 49% Stake

8:22 AM MDT | October 7, 2009 | Natasha Alperowicz

Lanxess has completed its exit from the acrylonitrile butadiene styrene (ABS) business by transfering its remaining 49% stake in Ineos ABS to Ineos. Lanxess has not received any money for that stake, CW has learned. Lanxess and Ineos agreed nearly two years ago on Lanxess's phased exit from the business starting with the sale of a 51% share to Ineos for €35 million ($51.4 million), including debt. The partners agreed that the price of the remaining 49% stake will be evaluated on Ebitda multiples of five at the time of closure in September...

This information is only available to Chemical Week subscribers.


Forgot your user ID or password?
Click here to have it sent to you.

Not an IHS Chemical Week member yet?

Here's why you should be:

  • 31 issues of Chemical Week magazine in print or digital format
  • Critical daily news and analysis on chemweek.com
  • Free mobile edition 
  • 20+ years of online archives
  • Topical e-newsletters that capture the most impactful events
  • Special issues with a regional or company focus
  • Global Outlook issue

Subscribe now

100% Satisfaction Guarantee
If at any time you are not completely satisfied with IHS Chemical Week, simply notify us and we'll refund the balance of your paid subscription - no problem.

Learn more about group subscriptions and site licenses.


contact us | about us | customer care | privacy policy | sitemap | advertise

ihsCopyright © 2015 IHS, Inc. All rights reserved. Reproduction in whole or in part without permission is prohibited.

North Asia Russia Southeast Asia China India/Pakistan Middle East Eastern Europe Western Europe Central America Canada USA Australia/New Zealand South America Africa