LANXESS has completed the acquisition of Emerald Kalama Chemical after receiving all the required regulatory approvals. The enterprise value of Emerald Kalama Chemical was $1.075 billion (EUR 900 million). After deducting liabilities, the purchase price was approximately $1.04 billion (EUR 870 million), which LANXESS financed from existing liquidity, a company statement notified.
LANXESS has completed the acquisition of Emerald Kalama Chemical after receiving all the required regulatory approvals. The enterprise value of Emerald Kalama Chemical was $1.075 billion (EUR 900 million). After deducting liabilities, the purchase price was approximately $1.04 billion (EUR 870 million), which LANXESS financed from existing liquidity, a company statement notified.
To help combat the novel coronavirus pandemic in the country, specialty chemicals company LANXESS India donated six ventilators worth over Rs. 1 crore to Kaushalya Medical Foundation Trust Hospital and Bethany Hospital in Thane.