The speculation is working! Turnaround fully intact. 🚀
Deutsche Bank $DBK (+0,54Â %) is to find a buyer for the polyurethane division of Lanxess $LXS (-0,17Â %) to find a buyer.
This follows the German plastics competitor Covestro $1COV (+0,51Â %) in the departure of the plastics industry from Germany.
The exit will help Lanxess to further reduce its debt and continue to focus on specialty chemicals and further expand and consolidate its market position there. This division in the chemical industry is indispensable for good margins and future-oriented profits.