LANXESS and Asahi Kasei Fibers Sign Sale and Purchase Agreement for Dorlastan Business
December 28 , 2005
LEVERKUSEN -- Representatives of LANXESS and Asahi Kasei Fibers Corporation, meeting in Basel, Switzerland, have signed the agreement on the sale of LANXESS's fibers business to the Japanese company. A mutual memorandum of understanding had already been signed in November.
Closing of the transaction remains subject to the approval of the antitrust authorities, which the parties expect will be received in the first quarter of 2006. Once approval has been granted, the legal and economic transfer of the Dorlastan business to the Japanese acquirer will take place.
This news release contains forward-looking statements based on current assumptions and forecasts made by LANXESS AG management. Various known and unknown risks, uncertainties and other factors could lead to material differences between the actual future results, financial situation, development or performance of the company and the estimates given here. The company assumes no liability whatsoever to update these forward-looking statements or to conform them to future events or developments.
