Brief: Lanxess And Advent International Announce Calum MacLean As CEO-Designate For JV
16/09/2022 07:08
Sept 16 (Reuters) - LANXESS AG LXSG.DE :
* ADVENT INTERNATIONAL AND LANXESS ANNOUNCE CALUM MACLEAN AS
CEO-DESIGNATE FOR THE ENVISAGED HIGH-PERFORMANCE ENGINEERING
MATERIALS JOINT VENTURE
* ONCE ESTABLISHED, ADVENT WILL HOLD A MINIMUM SHARE OF 60%
IN THE
NEW JOINT VENTURE, WITH THE REMAINING STAKE BEING HELD BY
LANXESS
* TRANSACTION IS SUBJECT TO MERGER CLEARANCES AND IS
EXPECTED TO
CLOSE IN H1 2023
Further company coverage: LXSG.DE
(Gdansk Newsroom)
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