LANXESS AG — M&A Activity 2006

Nov 10, 2006

News Details

Ad-hoc | 10 November 2006 13:32

LANXESS AG: LANXESS divests textile processing chemicals business

Ad hoc announcement transmitted by DGAP – a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. —————————————————————————— LANXESS textile processing chemicals business to be acquired by Dutch investor Egeria and business unit management Leverkusen – Chemicals group LANXESS is divesting its textile processing chemicals business as previously announced. All the activities of the Textile Processing Chemicals (TPC) business unit outside of North America are to be acquired by Dutch investor Egeria and business unit management. The included business has sales of about EUR 130 million and employs some 330 people. With respect to the North American activities of TPC, other options are being examined. The sale and purchase agreement with Egeria was signed this morning. The purchase price is EUR 54 million. The completion is expected to take place by the end of the year. The TPC business unit employs some 380 people worldwide and has sales of EUR 150 million. LANXESS had announced the closure of the U.S. site at Wellford, South Carolina, as part of its second restructuring package. However, an evaluation of the future perspectives for the business unit textile processing chemicals has revealed other possible options for the activities in North America. Leverkusen, November 10, 2006 LANXESS AG 51369 Leverkusen Germany ISIN: DE0005470405 WKN: 547 040 Listing: Frankfurt (Prime Standard) ————————————————————————— Information and Explaination of the Issuer to this News: 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. (c)DGAP 10.11.2006 ————————————————————————— Language: English Issuer: LANXESS AG Gebäude K10 51369 Leverkusen Deutschland Phone: +49 (0)214 30 33333 Fax: +49 (0)214 30 40 944 E-mail: ir@lanxess.com WWW: www.lanxess.com ISIN: DE0005470405 WKN: 547040 Indices: MDAX Listed: Amtlicher Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin-Bremen, Hannover, München, Hamburg, Düsseldorf, Stuttgart; Terminbörse EUREX End of News DGAP News-Service —————————————————————————