LANXESS Updates on ENVALIOR Stake After Advent Decision

LANXESS confirmed that Advent HoldCo will not acquire its shares in the ENVALIOR joint venture in 2026. The decision follows a contractually agreed financing condition referenced by Advent HoldCo. The announcement was issued from Mumbai on March 12, 2026.

LANXESS had previously tendered its shares in the ENVALIOR joint venture in September 2025. Following the latest update, the additional tender and purchase periods for LANXESS’ shares in ENVALIOR during 2027 and 2028 will now apply, in accordance with the ad hoc announcement issued on September 23, 2025.

According to LANXESS, the company will continue to remain involved as a joint venture partner in the development of ENVALIOR. The company noted that expected factors influencing development include recovery in the market, synergy effects between the companies involved in the joint venture, and consolidation among direct competitors.

LANXESS also stated that its financial position remains stable even without proceeds from a potential sale of its ENVALIOR stake in 2026. The company reported a strong cash position along with undrawn and firmly committed credit lines totaling more than EUR 1.35 billion.

Based on these resources, repayment of the bond maturing in October 2026 is already secured. The company also confirmed that its financing instruments are not subject to financial covenants.

In addition, LANXESS stated that it maintains unrestricted and broad access to debt capital markets.

Reducing financial debt continues to remain a priority for the company.

LANXESS plans to publish its financial results for the year 2025 on March 19, 2026.