LANXESS completes sale of 50% stake in JV ARLANXEO to Saudi Aramco
The JV produces rubber for use in automotive and tire industries
Specialty chemicals company LANXESS has completed the sale of its 50% stake in joint venture (JV) company ARLANXEO to Saudi Aramco for EUR1.4 billion (approximately USD1.6 billion), the two companies announced in separate press releases on 31 December.
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