Mumbai, March 12 -- Advent HoldCo has confirmed it will not acquire the LANXESS stake in the ENVALIOR joint venture in 2026. This follows a tender submitted by LANXESS in September 2025. Advent cited financing conditions as the reason for the decision.

The tender and purchase periods for the shares in 2027 and 2028 remain in effect. LANXESS will continue its role in the joint venture. The company attributes the development of ENVALIOR to market recovery within the sector, synergies between the companies and consolidation among competitors.

LANXESS stated it remains financed despite the absence of sale proceeds in 2026. The company maintains a cash position and credit lines totalling more than EUR 1.35 billion. Repayment of the bond matu...