# 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.

- Type: Acquisition
- Announced: 2018-12-31
- Where: Amsterdam, Netherlands, Netherlands
- Value: $1.71B (1.50B EUR)
- Status: completed
- Products: synthetic rubber, elastomer products
- 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/saudi-aramco-completes-acquisition-of-remaining-50-percent-stake-in-arlanxeo-jv), 2018-12-31: "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."
- [hydrocarbonprocessing.com](https://www.hydrocarbonprocessing.com/news/2019/01/saudi-aramco-becomes-full-owner-of-arlanxeo-joint-venture), 2019-01-01: "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."

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