Lanxess reportedly preparing joint bid for DSM's plastics unit

German chemicals maker Lanxess is reportedly preparing a joint bid with investor Advent for Dutch rival DSM's plastics business, valued at €3 billion. The unit would become part of Lanxess' subsidiary HPM.

“German chemicals maker Lanxess is preparing a joint bid for Dutch rival DSM's plastics business with investor Advent, Handelsblatt newspaper reported on Friday, citing sources familiar with the matter.”financialpost.com

• 2 sources
• financialpost.comGermany's Lanxess prepares joint bid for DSM's plastics unit -Handelsblatt | Financial PostReutersJan 28, 2022
• okaychemical.comNew Year's plastics event: Lanxess announces it will acquire DSM plastics business unit-Qingdao Okaychem Co.,Ltd-UV absorber/Light stabilizer/Antioxidant/Flame retardant/plastic additive/UV-531/UV-329/UV-P/UV-326Jan 30, 2022

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