LANXESS AG — M&A Activity 2015

Sep 22, 2015

News Details

Ad-hoc | 22 September 2015 11:26

LANXESS and Saudi Aramco establish joint venture for synthetic rubber business

LANXESS Aktiengesellschaft / Key word(s): Joint Venture/Share Buyback

22.09.2015 11:26

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
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The issuer is solely responsible for the content of this announcement.

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LANXESS and Saudi Aramco establish joint venture for synthetic rubber
business

Cologne / Dhahran - Specialty chemicals company LANXESS and Saudi Arabian
Oil Company (Saudi Aramco), the world's largest integrated energy
enterprise establish a joint venture for synthetic rubber. Both companies
have signed a corresponding agreement today.

The partners will each hold 50 percent of the joint venture. The
operational control will be assumed by LANXESS.

The enterprise value for the entire joint venture totals EUR 2.75 bn. Saudi
Aramco acquires a 50 percent stake and will pay around
EUR 1.2 bn in cash adjusted for debt and payables for this stake. LANXESS
contributes its entire synthetic rubber business consisting
of the business units Tire & Specialty Rubbers and High Performance
Elastomers to the joint venture.

The rubber business will gain direct access to the strategic important raw
materials for its synthetic rubber business, thus sustainably improving
its competitive positioning.

LANXESS plans to use the proceeds from this transaction for future growth,
the reduction of debt and a share buy-back.

The transaction is subject to approval of the relevant antitrust
authorities. Closing of the transaction is expected for H1 2016.

Cologne, September 22, 2015

Forward-Looking Statements
This news release contains forward-looking statements based on current
assumptions and forecasts made by LANXESS AG management. Various known and
unknown risks, uncertainties and other factors could lead to material
differences between the actual future results, financial situation,
development or performance of the company and the estimates given here. The
company assumes no liability whatsoever to update these forward-looking
statements or to conform them to future events or developments.

22.09.2015 The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de

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Language: English
Company: LANXESS Aktiengesellschaft
Kennedyplatz 1
50569 Köln
Germany
Phone: +49 (0)221 8885-0
Fax: +49 (0)221 8885-4944
E-mail: ir@lanxess.com
Internet: www.lanxess.com
ISIN: DE0005470405
WKN: 547040
Indices: MDAX
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover,
Munich, Stuttgart; Terminbörse EUREX

End of Announcement DGAP News-Service

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