Greenlight's Einhorn says fund is long Germany's Lanxess

LANXESS AG

14/05/2025 20:13

NEW YORK, May 14 (Reuters) - Greenlight Capital's president David Einhorn said on Wednesday the fund is long Germany's chemical company Lanxess LXSG.DE.

Einhorn, who unveiled his investment idea at the Sohn investment conference in New York, said the company's shares are undervalued. He added it considers the company a "higher quality business with lower asset intensity" after having undergone a recent overhaul.

 (Reporting by Carolina Mandl, in New York)

 ((carolina.mandl@thomsonreuters.com; +1 (917) 891-4931;))