Lanxess to Earn More from ABS Sale

Lanxess expects to receive a bigger payment from Ineos for the 49% stake it still holds in its acrylonitrile butadiene styrene (ABS) business. Lanxess received €35 million ($47.7 million) earlier this year from Ineos for 51% of the business (CW, July 11, p. 17). The ABS business is currently a 51-49 joint venture between the companies, and Lanxess is due to sell its 49% stake to Ineos in September 2009. Zachert: Radical restructuring. “The first part of the transaction included a net debt element, whereas the second part will be evaluated on Ebitda...

This information is only available to Chemical Week subscribers.

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

Email Address First Name Last Name

Not an IHS Chemical Week 24/7 member yet? Here's why you should be: Searchable online archive access of the last 2 years of Chemical Week. Print or digital magazine subscription Price and market change alerts Economic data and statistics Buyers' Guides Webcasts | whitepapers