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Germany

Lanxess to sell organic leather chemicals business to TFL

On August 13, Lanxess announced that it is selling its organic leather chemicals business to TFL Ledertechnik GmbH. Both companies signed an agreement to this effect on August 12, 2020. The purchase price comprises a fixed component of EUR 80 million and a performance-related component of up to EUR 115 million.  In a....

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