LANXESS AG — M&A Activity 2005

Nov 17, 2005

News Details

Ad-hoc | 17 November 2005 07:29

LANXESS AG:LANXESS plans to sell Dorlastan fibers business to AKF of Japan

Ad hoc announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. —————————————————————————— LANXESS plans to sell Dorlastan fibers business to Asahi Kasei Fibers of Japan Leverkusen, November 17, 2005 – The chemicals group LANXESS has completed the search for a purchaser for its Dorlastan fibers business. This morning, LANXESS and Asahi Kasei Fibers Corporation (AKF) of Osaka, Japan, widely agreed on the probable text of a sale and purchase agreement for the Dorlastan business and signed a memorandum of understanding. The agreement itself is expected to be signed shortly. The transaction will be subject to the approval of the relevant antitrust authorities. The parties have agreed not to disclose the purchase price. LANXESS AG 51369 Leverkusen Germany ISIN: DE0005470405 WKN: 547 040 Listing: Frankfurt (Prime Standard) Contacts LANXESS AG/ Investor Relations Michael Pontzen: +49 214-30 43804 Tanja Satzer: +49 214-30 43801 Oliver Stratmann: +49 214-30 49611 Dr. Gerd Zelesny: +49 214-30 71416 Legal notice This announcement is issued for information purposes only and constitutes neither an offer to sell nor an invitation to purchase securities. Dissemination of this announcement and/or the offering for sale or the sale of LANXESS shares may be legally restricted in certain jurisdictions. Persons receiving or reading this announcement should inquire as to the existence of such restrictions and should observe them. It is not intended to publish a sales prospectus or other information material relating to the offering in the Federal Republic of Germany. In particular, no sales prospectus within the meaning of the Securities Sales Prospectus Act will be published in the Federal Republic of Germany. Any offers, sales or the publication of offer documents in the Federal Republic of Germany may therefore violate the Securities Sales Prospectus Act. This announcement is not an offer for the sale of securities in the United States of America. Neither the offer for sale nor the sale of LANXESS shares has been or is being registered under the U.S. Securities Act of 1933, as amended. Therefore, the shares may not be offered for sale or sold except with prior registration or with an exemption from registration under the said Act. A public placement of the shares in the United States would only be permissible upon the issuance of a prospectus containing detailed information on LANXESS and its management together with financial statements of LANXESS and consolidated financial statements of the LANXESS Group. This announcement is directed only to persons who 1) are currently outside the United Kingdom or 2) have professional investment experience (within the meaning of Article 19(5) of the Financial Services and Market Act 2000 (Financial Promotion) Order 2001 (the “Order”) and 3) are covered by Article 49(2)(a) to (d) of the Order (high net worth corporations, unincorporated associations etc.). All such persons are for this purpose designated “relevant persons”. Persons other than relevant persons may neither take this announcement as an inducement to purchase securities nor place reliance upon it. The shares referred to in this announcement are available only to relevant persons. Invitations, agreements and offers to purchase such shares are directed only to relevant persons. If you are currently in the United Kingdom and do not fall into one of the above categories, the investment options to which this announcement refers are not available to you and you should neither take this announcement as an inducement to purchase securities nor place reliance upon it. LANXESS AG Gebäude K10 51369 Leverkusen Deutschland ISIN: DE0005470405 (MDAX) WKN: 547040 Listed: Amtlicher Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin- Bremen, Düsseldorf, Hamburg, Hannover, München und Stuttgart End of ad hoc announcement (c)DGAP 17.11.2005