(RTTNews) - Lanxess AG (LNXSF.PK), a German specialty chemicals company, announced Thursday that it has signed a contract to sell its Urethane Systems business to UBE Corp. for enterprise value of ...

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Lanxess AG (Cologne, Germany) signed a contract to sell its Urethane Systems business to UBE Corp. (Tokyo). The enterprise value amounts to €460 million with expected proceeds of around €500 million.