LANXESS to exit chrome chemicals business

Specialty chemicals company LANXESS is selling its chrome chemicals business to Brother Enterprises, a Chinese leather chemicals producer. Both companies signed a respective agreement. The transaction is still subject to approval by the relevant antitrust authorities. LANXESS expects to complete the planned transaction by the end of 2019.

“We have successfully reorganized our chrome chemicals business in recent years. However, it no longer fits in with our strategic focus on specialty chemicals. We are therefore convinced that future growth and the further development of the business can be better implemented under the leadership of Brother Enterprises” said Matthias Zachert, Chairman of the Board of Management of LANXESS AG.

The chrome chemicals business belongs to the LANXESS Leather business unit and generates annual sales of around EUR 100 million.

Million Sqft Realty forays into Southeast Asia and Europe

Real estate consultancy Million Sqft Realty has announced its foray in the European and South East Asian Markets after establishing a strong foothold in Dubai and London. The brand has partnered with renowned real estate groups like Delsk Group and Leptos Estates to cater to the growing needs and demands of both residential and commercial properties especially in the luxury space in the European and Asian countries.

Abhishek Kulkarni, Chairman and Managing Director of Million Sqft Realty informed ‘With India increasingly seeing new millionaires on the rise, there is surge in the demand for luxurious properties. While Europe tops the lists with premium living conditions, Thailand and Malaysia, with a tourism driven economy are pure investment destinations. ‘

The collaboration with Delsk Group (having a global appeal in the real estate industry) will be activating operations in countries like Greece, Cyprus, Malta, Portugal, Thailand, Ireland and London. Similarly, the association with Leptos Estates, a stellar real estate development Company will further widen the reach and expansion in Cyprus & Greece which are offering attractive residency (EU PR) & citizenship (EU Passport) programs via investment into real estate.

Zoomcar partners with Ixigo

Self-drive car rental and subscription platform Zoomcar has partnered with leading ticketing and travel portal ixigo. The partnership will enable users to avail Zoomcar self-drive services on ixigo’s platform at an inauguraloffer of 20% OFF.

Greg Moran CEO and Co-Founder, Zoomcar said ‘Such collaborations, we believe, will pave the way for the mainstreaming of alternative mobility services, ensuring that users get a seamless experience.

‘We are confident that through our in-app partnership we will provide our users a seamless booking experience right from planning a trip to making it easier for them to explore vacation spots and the areas nearby’ informed Rajnish Kumar, Co-founder, Ixigo.

Catering to its 130 million plus user base, Ixigo facilitates over 200 million monthly travel searches.