LANXESS and Advent to combine HPM and DEM businesses in joint venture

The Competition Commission of India has approved the consolidation of LANXESS AG's High Performance Materials (HPM) business and Koninklijke DSM N.V.'s DEM (engineering materials) business under a joint venture, Zehnte LXS GmbH, to be jointly controlled by Advent International and LANXESS. Advent will hold 58-70% and LANXESS 30-42%.

“The Proposed Combination envisages: - the consolidation of the HPM Business and DEM Business under Zehnte LXS GmbH (JV HoldCo); - the acquisition of joint control by Platin 2170 GmbH (Advent HoldCo) and LANXESS Deutschland GmbH (LDG) over JV HoldCo”pib.gov.in

• 2 sources
• pib.gov.inPress Release:Press Information BureauFeb 13, 2023
• chemanager-online.comAll Signals Point to ”Go” for new Plastics Firm • CHEManager is the market-leading medium for the management of the chemical and pharmaceutical industryFeb 16, 2023

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