This news article was originally written in Spanish. It has been automatically translated for your convenience. Reasonable efforts have been made to provide an accurate translation, however, no automated translation is perfect nor is it intended to replace a human translator. The original article in Spanish can be viewed at La Bolsa de Francfort acepta la salida a Bolsa de Lanxess
The Frankfurt Stock Exchange accepts the exit bag of Lanxess
25/01/2005
on January 25, 2005
Deutsche Boerse, which operates the Frankfurt Stock Exchange, has approved the departure to trading subsidiary chemistry of the German group Bayer, Lanxess, which will take place on 31 January.
Bayer agreed last July to bag of Lanxess exit through a procedure of segregation or "spin-off", an operation which will not mean income for Bayer, given that the group will distribute between its shareholders action of Lanxess for every ten titles that control at Bayer, up to a total of 73 million shares.
Bayer decided to segregate its subsidiary to focus on its core activities in health, nutrition and high-performance materials and leave little profitable and cyclical activities considered to be in excess.
