Lonza intents to dilute its holding in its Polymer Intermediate business
IPO on Italian Stock Exchange
Lonza Group Ltd. announced its intention to dilute, subject to acceptable market conditions, its holding in the Lonza Polymer Intermediates business via an Initial Public Offering (IPO) of the shares of Lonza SpA which will be renamed "POLYNT SpA". According to applicable Italian regulations, Lonza SpA has filed a request with Borsa Italiana SpA, the Italian Stock Exchange regulator, for admission to list its shares on the Italian Stock Exchange. Simultaneously, Lonza SpA has filed an application to carry out a related public offering of shares in Italy with Commissione Nazionale per le Società e la Borsa (CONSOB).
POLYNT SpA plans this initial public offering, and subsequent listing of its shares, on the STAR segment of the Italian Stock Exchange. The authorization from Borsa Italiana S.p.A. and CONSOB is expected in the 3rd quarter of 2006. Mediobanca - Banca di Credito Finanziario S.p.A. is acting as Sponsor of Lonza SpA and Global Co-ordinator of the IPO.
Lonza's Polymer Intermediates business, POLYNT SpA, operates in the development, manufacture and marketing of polymers, chemical intermediates and additives used for a vast range of industrial applications including the manufacture of plastics, paints, inks, adhesives, electrical and electronic components, paper and lubricants, as well as resins and composites for the transportation and construction industry.
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