# 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.

- Type: Acquisition
- Announced: 2018-08-08
- Where: Amsterdam, Netherlands, Netherlands
- Value: $1.74B (1.50B EUR)
- Status: announced
- Products: synthetic rubber, elastomers
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [Saudi Aramco](https://endata.com/companies/304.md) (acquirer)
- [LANXESS](https://endata.com/companies/15514.md) (target)
- [ARLANXEO](https://endata.com/companies/33642.md) (target)

## Sources

- [aramco.com](https://www.aramco.com/en/news-media/news/2018/arlanxeo-joint-venture), 2018-08-08: "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."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.