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Lanxess Stays Confident of Keeping its Independence …

11:54 AM MDT | September 26, 2008 | Natasha Alperowicz

Lanxess has dismissed speculation that it could be the next medium-size chemical company to be acquired, following several chemical industry M&A deals including BASF’s recently agreed to offer for Ciba Specialty Chemicals (CW, Sept. 22, p. 6). Lanxess has taken three years following its spin-off from Bayer to fix its portfolio and now has leadership positions in most of its businesses, Lanxess chairman Axel C. Heitmann said recently at media event in Cologne. The company has divested cyclical businesses with combined revenues equivalent to a quarter of...

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