Lanxess AG said Bayer AG will hold a 13.7% to 15.4% stake in Lanxess.Lanxess LANXESS AG (FWB: LXSG) is a leading chemicals group with production sites and agencies all over the world: a global player in the fields of chemicals, plastics and rubber. LANXESS operations have a long history, rich with a tradition of research and discovery. AG said Bayer AG Bayer AG German chemical and pharmaceutical company. Founded in 1863 by Friedrich Bayer (1825–1880), it now operates plants in more than 30 countries. Bayer has originated scores of pharmaceuticals, chemicals, and synthetic materials; it was the first developer and will hold a 13.7% to 15.4% stake in Lanxess when it converts the EUR EUR In currencies, this is the abbreviation for the Euro. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 200 million convertible bond issued by its former chemicals and polymers unit in September last year. |
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