Lanxess Sets up JV with Advent, Gets EUR 1.1 Billion in Cash Plus 40% Stake

• (PLX AI) - Lanxess and Advent establish a leading global joint venture for high-performance plastics.
• • Lanxess High Performance Materials business valued at EUR 2.5 billion
• • Lanxess receives a payment of at least EUR 1.1 billion at closing and a stake of up to 40 percent in the joint venture
• • Lanxess and Advent to acquire Engineering Materials business from DSM for a purchase price of around EUR 3.7 billion financed by Advent, which will also go into the JV