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-Advent HoldCo will in 2026 not take over LANXESS’ shares in the ENVALIOR joint venture
-LANXESS remains solidly financed; repayment of the bond due in October already secured
Advent HoldCo will in 2026 not acquire the LANXESS stake in the ENVALIOR joint venture that LANXESS had tendered in September 2025. Advent HoldCo has now informed the specialty chemicals company accordingly, referring to its contractually agreed financing condition. As a result, the additional tender and purchase periods for LANXESS’ shares in ENVALIOR in the years 2027 and 2028 now apply, as described in the ad hoc announcement of September 23, 2025.
LANXESS will continue to play an active role as a committed joint venture partner in shaping the expected positive development of ENVALIOR. According to LANXESS, key drivers of this development include the recovery of the market, synergy effects between the two companies brought into the joint venture as well as consolidation among direct competitors.
Even without proceeds from a sale of its ENVALIOR stake in 2026, LANXESS is solidly financed. The company holds a strong cash position as well as undrawn, firmly committed credit lines totaling more than EUR 1.35 billion. Therefore, repayment of the bond maturing in October 2026 is already ensured. The financing instruments are not subject to any financial covenants.
In addition, LANXESS continues to have unrestricted and broad access to the debt capital markets.
Reducing financial debt remains a high priority for LANXESS.
About LANXESS:
LANXESS is a leading specialty chemicals company with sales of EUR 6.4 billion in 2024. The company currently has about 11,800 employees in 32 countries. The core business of LANXESS is the development, manufacturing and marketing of chemical intermediates, additives and consumer protection products. LANXESS has achieved leading positions in the Dow Jones Best-in-Class Index and the MSCI ESG and ISS ESG ratings, among others, for its commitment to sustainability.
Note: This story has not been edited by The Polymerupdate Editorial team and is auto-generated from a syndicated feed.
