LANXESS completes acquisitions in India and China
LANXESS AG
LANXESS is paying EUR 82.4 million - including debt - for the assets of Gwalior, while the acquisition price for Jiangsu Polyols will remain undisclosed. Both transactions complement the portfolio of LANXESS’ business unit Basic Chemicals.
“These acquisitions in India and China are further milestones in our company’s long-term growth strategy in the BRIC countries”, said Axel C. Heitmann, Chairman of LANXESS’ Board of Management. “We will start to integrate these two businesses into our group.”
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