Strategic options for Rhein Chemie under review

06-Dec-2002

An agreement concluded in October 2002 between a U.S. financial investor and Bayer concerning the sale of Rhein Chemie has been dissolved by common consent of the parties, who were unable to agree on a number of outstanding points. Various strategic options are currently being considered.

Rhein Chemie is an internationally successful supplier of specialties to the rubber, lubricant and plastics industries. It also has a wholly owned subsidiary, iSL-Chemie GmbH & Co. KG in Kürten, Germany, affiliates in the United States and Japan, and owns a 90 percent interest in a joint venture in China.

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