Lanxess Invests $10 Million in BioAmber

摘要

Lanxess says it has invested $10 million in BioAmber (Minneapolis, MN) as a part of a private placement. Lanxess has received a minority shareholding in BioAmber, and a seat on the board of directors, which will be filled by Jorge Nagueira, head of Lanxess' functional chemical business unit, the company says.