India’s CCI approves Lanxess-Aramco synthetic rubber JV
Published: Wednesday, 30 December 2015
The green light from the Indian regulator means the German-Saudi deal has surmounted yet another hurdle in the companies’ plan to establish a major new synthetic rubber manufacturing business.
A proposed joint venture (JV)
between German speciality chemicals company Lanxess AG and a
subsidiary of Saudi Arabian oil conglomerate, Saudi Aramco, to
manufacture synthetic rubber moved a step closer to fruition
this week, after the Competition Commission of India approved
the deal, The Economic Times has reported.