German chemical groups Bayer and Lanxess have agreed to sell chemical park opera...
FILE PHOTO: A logo of Lanxess is seen next to dark clouds at Cologne Bonn airport March 27, 2015. REUTERS/Wolfgang Rattay
Reuters reported last September initial plans by Bayer to divest its 60% stake in the chemical park operator, part of a string of assets it has put on the block to slash debt since its $63 billion takeover of Monsanto last year. MIRA has committed to keeping Currenta in its current structure and not sell parts over the next three years, the head of MIRA’s German business, Hilko Schomerus, told Reuters.He added the investment would offer adequate returns at low risks and that MIRA intended to hold on to Currenta for 10 to 12 years.
Lanxess, which had initially intended to hold on to its stake, realized an equity value of about 780 million euros for its 40%, in addition to an unspecified participation in profit until the transaction is completed.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Jeff Bezos Sells Another $1 Billion In Amazon SharesWith the new stock sale, the mogul has sold nearly $3 billion in stock over the past week.
Read more »
Jeff Bezos sells Amazon stock worth $2.8 billion last weekAmazon.com Inc Chief Executive Officer Jeff Bezos offloaded $990 million worth o...
Read more »
My First F-Up: Turns Out Heat and Cleaning Chemicals Are a Dangerous MixEater Young Gun Caitlin McMillan (’18) learned the hard way to never clean an oven while it’s still piping hot: “I was definitely in shock. I couldn’t see my face so I was like, I don’t know if I still have one.”
Read more »
Your Environmentally Friendly Lunch Bowl Is Actually Full of Non-Biodegradable ChemicalsPlus, a pig kidnapping highlights the use of antibiotics in livestock, and more news to start your day
Read more »
A 21-year-old man died after falling near a waterfall in Yosemite National ParkThree people slipped and fell — and one of them died — near waterfalls in Yosemite National Park last week, officials say. Tourists are being asked to avoid venturing off-trail.
Read more »
Jeff Bezos' net worth plunged by $3.4 billion in Monday's stock rout — and the rest of the world's super rich lost $117 billionA global stock rout sparked by US-China trade war fears made a 2.1% dent in the fortunes of the world's 500 wealthiest people, Bloomberg reported.
Read more »