Saudi Aramco becomes sole owner of Arlanxeo

摘要

GERMANY: Lanxess has completed the sale of its remaining 50% stake in synthetic rubber venture Arlanxeo to Saudi Aramco on 31 Dec,the companies have announced.Saudi Aramco paid around €1.4 billion to take over the German partner's holding in the joint venture,according to a statement from Lanxess.All relevant antitrust authorities,it noted,had granted the necessary approvals for the transaction announced in Au-gust 2018.