Published by Global Banking & Finance Review®
Posted on September 23, 2025
2 min readLast updated: January 21, 2026
Add as preferred source on GoogleLanxess aims to sell its 40.94% stake in Envalior by 2026, with a base price of 1.2 billion euros. Share price adjustments depend on Envalior's EBITDA.
(Reuters) -Specialty chemicals maker Lanxess will offer to sell all of its 40.94% stake in Envalior to its joint venture partner, an investment company of Advent International, it said on Tuesday.
Lanxess said in a statement it had agreed to a base purchase price of around 1.2 billion euros ($1.42 billion) for the tendered shares.
"If and to what extent the share sale will be completed will be known by March 2026 at the latest," the company said.
Shares in Lanxess jumped 8.5% as of 1242 GMT, topping the Germany's mid-cap index, and on target for their best day since March.
Potential adjustments to the purchase price may only arise from the development of Envalior's earnings before interest, taxes, depreciation and amortisation, it said.
The purchase price will increase, if the EBITDA in the 12 months to April 1, 2026, exceeds the core profit used as the basis for the valuation of the joint venture prior to the time of its incorporation.
If the current EBITDA falls below the historical EBITDA by more than 10%, the price will be reduced pro rata.
"Envalior's debt is not taken into account for the determination of the purchase price for the tendered shares," the chemicals group added.
($1 = 0.8478 euros)
(Reporting by Ozan Ergenay in Gdansk, Editing by Rachel More and Barbara Lewis)
Equity refers to the ownership interest in a company, represented by shares of stock. It signifies the value of an ownership stake in a business.
A stake sale involves selling a portion of ownership in a company, typically represented by shares. It can be part of strategic financial decisions.
EBITDA stands for Earnings Before Interest, Taxes, Depreciation, and Amortization. It is a measure used to analyze a company's operating performance.
A purchase price adjustment is a change in the agreed purchase price of an asset based on specific performance metrics or conditions.
A joint venture is a business arrangement where two or more parties agree to pool their resources for a specific project or business activity.
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