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Tag Archives: Lanxess

Saudi Aramco close to $10b loan deal with banks


RIYADH: Banking sources of Saudi said that Saudi Aramco, world’s biggest oil exporter company, is close to completing a $10 billion loan deal at tight pricing with banks. The cash replaces an existing $4 billion five-year loan due to mature later this year which Aramco, uses as a back-up facility. The deal should conclude by the end of this month. ... Read More »

Germany’s Lanxess expects 2014 result at lower end of target range


FRANKFURT: Matthias Zachert, Chief Executive Germany’s Lanxess, the world’s No.1 synthetic rubber maker, expects its full year results to come in at the lower end of its target range. In November Lanxess confirmed its full year target range for adjusted earnings before interest, tax, depreciation and amortisation of 780-820 million euros ($951-999 million), up from 735 million last year. Zachert ... Read More »