Saudi Aramco to acquire remaining 50% stake in ARLANXEO from LANXESS

Saudi Aramco agreed to acquire LANXESS's 50% interest in the ARLANXEO joint venture for €1.5 billion, making ARLANXEO a wholly owned subsidiary.

“The proposed purchase underscores Saudi Aramco’s strategy to further diversify our downstream portfolio and strengthen our capabilities across the entire petroleum and chemicals value chain.”aramco.com

• 1 source
• aramco.comSaudi Aramco agrees to acquire remaining 50 percent stake in ARLANXEO Joint Venture from LANXESS | AramcoAug 8, 2018

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