LANXESS completes sale of its Urethane Systems business to UBE Corporation
Specialty chemicals company LANXESS has completed the sale of its Urethane Systems business to Japanese UBE Corporation on April 1, 2025. UBE is a global manufacturer of chemical products and listed at the Tokyo Stock Exchange.
All relevant antitrust authorities had granted the necessary approvals for the transaction, which was announced in October 2024. With completion of this transaction, LANXESS has received gross cash proceeds of approximately €500 million. The enterprise value amounts to €460 million.
LANXESS intends to use the proceeds to redeem its €500 million benchmark bond which matures in May 2025. The leverage ratio (net financial debt / EBITDA pre) will be reduced to ~3x.
“With this sale, we conclude our portfolio transformation and at the same time achieve a substantial further reduction of net financial debt”, says Matthias Zachert, Chairman of the Board of Management of LANXESS AG.
Forward-Looking Statements
This company release contains certain forward-looking statements, including assumptions, opinions, expectations and views of the company or cited from third party sources. Various known and unknown risks, uncertainties and other factors could cause the actual results, financial position, development or performance of LANXESS AG to differ materially from the estimations expressed or implied herein. LANXESS AG does not guarantee that the assumptions underlying such forward-looking statements are free from errors, nor does it accept any responsibility for the future accuracy of the opinions expressed in this presentation or the actual occurrence of the forecast developments. No representation or warranty (expressed or implied) is made as to, and no reliance should be placed on, any information, estimates, targets and opinions contained herein, and no liability whatsoever is accepted as to any errors, omissions or misstatements contained herein, and accordingly, no representative of LANXESS AG or any of its affiliated companies or any of such person's officers, directors or employees accepts any liability whatsoever arising directly or indirectly from the use of this document.
Information for editors:
All global LANXESS news releases and their accompanying photos can be found at http://press.lanxess.com.
Recent photos of the Board of Management and other LANXESS image material are available at http://photos.lanxess.com.