bayer lanxess currenta

bayer lanxess currenta

At the same time the sale of the 40% stake will give LANXESS additional financial leeway. As a long-term owner of essential infrastructure, MIRA is committed to working with the Currenta management team to ensure the longevity and ongoing success of the business for both customers and employees,” said Hilko Schomerus, Head of Germany, MIRA. Both companies signed corresponding agreements with MIRA today, August 6, 2019. Lanxess took over the minority stake in Currenta following its spin-off from Bayer in …

No representation or warranty (expressed or implied) is made as to, and no reliance should be placed on, any information, estimates, targets and opinions contained herein, and no liability whatsoever is accepted as to any errors, omissions or misstatements contained herein, and accordingly, no representative of LANXESS AG or any of its affiliated companies or any of such person's officers, directors or employees accepts any liability whatsoever arising directly or indirectly from the use of this document.

Macquarie Infrastructure and Real Assets (MIRA) is the world’s largest infrastructure manager. This release may contain forward-looking statements based on current assumptions and forecasts made by Bayer management. which will initially run for 10 years. Macquarie has been operating in Germany for 30 years and currently employs ~200 people across its offices in Frankfurt and Munich. LANXESS as one of Currenta's main customers will provide MIRA with operational support during the transition phase and will therefore continue to hold its stake in Currenta for several months longer.

We would like to use cookies to better understand you use of this website. Picture author: Currenta The company currently has about 14,300 employees in 33 countries. The company currently has about 14,300 employees in 33 countries. stake in Currenta. Picture utilization: Use with source note permitted. “MIRA is delighted to partner with Bayer and LANXESS to acquire Detailed information about the use of cookies on this website and how you can manage or withdraw your consent at any time can be found in our, Further information on the convening and conduct, Currenta valued at enterprise value of EUR 3.5 billion (100% including real estate), Equity value of LANXESS‘ 40% stake approximately EUR 780 million pre tax, Buyer is the world’s largest infrastructure investor Macquarie Infrastructure and Real Assets, LANXESS‘ strategic interest will be secured by 10 year service- and supply contracts for the three production sites in Leverkusen, Krefeld-Uerdingen und Dormagen. The transaction still requires the approval of the responsible authorities. logistics, storage, waste management and treatment services.

“MIRA is delighted to partner with Bayer and LANXESS to acquire Currenta.

Bayer and Currenta Although we are a global operating company we would like you to feel that we are only around the corner - just a few clicks away. net debt and pensions) of approximately EUR 780 million pre tax. “In addition, MIRA has a long term focus and will also be a reliable employer for Currenta’s employees.” Bayer and MIRA have reached an agreement on long-term service and supply contracts, he added. Bayer expects its part

For more than two decades, MIRA has partnered with investors, governments and communities to manage, develop and enhance assets relied on by more than 100 million people each day.

Currenta GmbH & Co. OHG, abbreviated to CURRENTA, and its workforce of 3,200 generate around EUR 1.2 billion in sales annually. successful development of Currenta while leveraging its international expertise,” reliable employer for Currenta’s employees.” Bayer and MIRA have reached an Moreover, LANXESS has reached an agreement with MIRA on service and supply contracts for the three sites in Leverkusen, Dormagen and Krefeld-Uerdingen, which will initially run for 10 years. In addition, LANXESS is entitled to a profit participation until completion of the transaction. Closing is expected until the end of April 2020. The service company operates CHEMPARK sites in Leverkusen, Dormagen and Krefeld-Uerdingen. With MIRA as an experienced and strong partner and with the long-term Currenta. Thus, the company expects its transaction to be completed by the end of April 2020. The transaction still requires the approval of the responsible authorities. Forward-Looking Statements Bayer

“The heart of LANXESS production beats at the Lower Rhine sites. Currently, Currenta is a joint venture of Bayer (60%) and LANXESS (40%).

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