India’s CCI approves Lanxess-Aramco synthetic rubber JV

By Laura Syrett
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.

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