Lanxess buys controlling stake in Petroflex for Euro 198 million

摘要

Leverkusen, Germany — Lanxess is to buy about 70 percent of the equity in Petroflex SA, Brazil, at a provisional price equivalent to EUR198 million. Petroflex, a listed company based in Rio de Janeiro, is among the world's large-scale producers of synthetic rubber. The stake to be purchased by Lanxess includes the holdings of the current major shareholders Braskem and Unipar. The transaction requires the approval of the relevant antitrust authorities. The IISRP lists Petroflex as operating three factories in Brazil. The Cabo unit is listed as having capacity for 90 kt/year of BR; 25 kt/yearfor solid S-SBR and 10 kt/year of styrenic block copolymers.