Saudi Aramco completes acquisition of remaining 50% stake in ARLANXEO from LANXESS

Saudi Aramco completed the acquisition of LANXESS's 50% interest in ARLANXEO, a synthetic rubber joint venture, for €1.5 billion, making it a wholly owned subsidiary.

“Saudi Aramco’s purchase of LANXESS’s 50% share in ARLANXEO, valued at €1.5 billion on an enterprise value basis, makes it 100% owner of ARLANXEO.”aramco.com

• 2 sources
• aramco.comSaudi Aramco Completes Acquisition of Remaining 50 Percent Stake in ARLANXEO Joint Venture from LANXESS, Becoming Full Owner | AramcoDec 31, 2018
• hydrocarbonprocessing.comSaudi Aramco becomes full owner of ARLANXEO joint ventureJan 1, 2019

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