Lanxess/Advent
(Source: Lanxess)
In May 2022, Advent and Lanxess announced the envisaged establishment of an Advent controlled, high-performance engineering materials joint venture (JV) company with sales of around €3 billion, combining the DSM Engineering Materials business with Lanxess’ High Performance Materials business.
Competition authorities have granted merger clearance for the JV by Advent International Corp., Boston, MA/USA, and Lanxess AG, Cologne/Germany. Most approved the transaction during the course of last year and lately the EU Commission granted clearance on January 9, 2023.
The transaction is therefore ready for closing which is now planned to take place no later than the beginning of April 2023.
Competition authorities have granted merger clearance for the JV by Advent International Corp., Boston, MA/USA, and Lanxess AG, Cologne/Germany. Most approved the transaction during the course of last year and lately the EU Commission granted clearance on January 9, 2023.
The transaction is therefore ready for closing which is now planned to take place no later than the beginning of April 2023.
