+
LANXESS Completes Sale of Urethane Business to UBE Corporation
ECONOMY & POLICY

LANXESS Completes Sale of Urethane Business to UBE Corporation

LANXESS, a global speciality chemicals company, has completed the sale of its Urethane Systems business to Japan-based UBE Corporation. The deal, finalised on April 1, 2025, follows regulatory approval from all relevant antitrust authorities. UBE is a prominent chemical manufacturer listed on the Tokyo Stock Exchange.

The transaction was first announced in October 2024. Following its completion, LANXESS received gross cash proceeds of around €500 million, while the enterprise value of the deal stands at €460 million.

LANXESS plans to use the proceeds to redeem its €500 million benchmark bond due for maturity in May 2025. This will contribute to lowering its leverage ratio (net financial debt to EBITDA pre) to approximately 3x, in line with the company’s broader financial strategy.

The sale marks the final step in LANXESS’s portfolio transformation, allowing the company to streamline operations and further reduce its debt.

LANXESS, a global speciality chemicals company, has completed the sale of its Urethane Systems business to Japan-based UBE Corporation. The deal, finalised on April 1, 2025, follows regulatory approval from all relevant antitrust authorities. UBE is a prominent chemical manufacturer listed on the Tokyo Stock Exchange. The transaction was first announced in October 2024. Following its completion, LANXESS received gross cash proceeds of around €500 million, while the enterprise value of the deal stands at €460 million. LANXESS plans to use the proceeds to redeem its €500 million benchmark bond due for maturity in May 2025. This will contribute to lowering its leverage ratio (net financial debt to EBITDA pre) to approximately 3x, in line with the company’s broader financial strategy. The sale marks the final step in LANXESS’s portfolio transformation, allowing the company to streamline operations and further reduce its debt.

Next Story
Infrastructure Energy

Bihar Launches Rs 53.4 Billion Green Energy Plan

The Bihar government has taken a major stride towards clean energy with the launch of two new policies and the signing of agreements totalling Rs 53.4 billion. These initiatives aim to generate 2,357 megawatts (MW) of renewable energy through solar, wind, battery storage, and other sustainable technologies.The Bihar Renewable Energy Policy 2025 and the Pump Storage Policy 2025 were officially introduced at an event in Patna. Designed to attract significant investment, the policies seek to position Bihar as a key centre for clean energy projects. Energy Minister Bijendra Prasad Yadav stated tha..

Next Story
Infrastructure Transport

Bids Invited for Rs 62.5 Billion Vizag Metro Project

The long-anticipated Visakhapatnam Metro Project has made significant progress, with the Andhra Pradesh Metro Rail Corporation inviting bids for the first civil contract under Phase 1 of the Vizag Metro. The estimated cost of this contract is Rs 62.5 billion.This engineering, procurement and construction (EPC) contract covers the design and construction of a 46.23 km viaduct spanning three corridors, including a 20.16 km double-decker four-lane flyover cum metro viaduct. The project also comprises 42 elevated metro stations across Visakhapatnam.Recently, SYSTRA Consultancy signed a Memorandum ..

Next Story
Real Estate

Oberoi Realty to Buy Hotel Horizon for Rs 9.19 Billion

A consortium led by Mumbai-listed Oberoi Realty Ltd is set to acquire debt-laden Hotel Horizon Pvt Ltd in Juhu, Mumbai for Rs 9.19 billion (approximately USD 107 million) under a resolution plan approved through India’s Insolvency and Bankruptcy Code (IBC).In a filing to the stock exchange, Oberoi Realty confirmed that the Committee of Creditors of Hotel Horizon had approved the resolution plan, following which a letter of intent was issued. The consortium also includes Shree Naman Developers and JM Financial Properties.As per the resolution plan, the consortium will make a payment of Rs 9.1..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?