Lanxess buys division of Dutch DSM with Advent

The specialty chemical compounds group Lanxess is taking up the plastics enterprise of the Dutch chemical firm DSM with the monetary investor Advent and can be contributing components of its enterprise to the three way partnership.

Dhe specialty chemical compounds group Lanxess and the monetary investor Advent are taking up the plastics enterprise of the Dutch chemical firm DSM for round 3.7 billion euros. That is to be integrated into a brand new three way partnership by which Advent will maintain a minimum of 60 % and Lanxess will maintain as much as 40 %, because the Cologne-based group introduced on Tuesday. Lanxess can even switch its enterprise with high-performance polymers, that are primarily used within the automotive business, to the three way partnership and can obtain a fee of a minimum of 1.1 billion euros. The three way partnership is to be financed by fairness from Advent and debt.