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Lanxess: Sale of remaining ABS jv stake to Ineos

December 25/2009
December 25 (plasteurope.com) -- Lanxess  has sold its remaining 49% shareholding in Ineos ABS, the joint venture with the Ineos Group. The sale was concluded at the end of September as planned, Lanxess said this week. The jv had been carried as a purely financial asset since early 2008, and the divestment seals the Leverkusen chemical producers exit from the ABS market.

The business, which had been unprofitable, was a legacy of the companys past as the chemicals division of Bayer. 




 

   

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