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Lanxess Completes Acquisition of Gwalior, Jiangsu.

India, March 2 -- German speciality chemicals group Lanxess has successfully

completed the acquisitions of the chemical businesses and production assets belonging to Gwalior Chemical Industries and China-based Jiangsu Polyols Chemical, respectively.

The transactions have received the necessary approvals from the anti-trust authorities and Gwalior shareholders. Both transactions have taken economic and legal effect at the start of September.

Lanxess is paying EUR 82.4 million, including debt, for the assets of Gwalior, while the acquisition price for Jiangsu Polyols has not been disclosed.

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Publication:The Industry 2.0
Geographic Code:9CHIN
Date:Mar 2, 2017
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