Lonza could acquire in existing sectors Aargauer Zeitung
Lonza, the listed Swiss chemicals group, could make acquisitions in existing sectors, Aargauer Zeitung reported. The Swiss daily cited Lonza Chief Executive Richard Ridinger who told a media conference that he has the finance to make buys having reduced debts by around CHF 1bn to CHF 1.66bn, and having a cash flow of CHF 667m. Ridinger did not identify potential targets but stated buys could be made in existing sectors if necessary.
Lonza achieved a turnover of CHF 3.8bn in 2015, up 4.5% on the previous year, the report noted.
Aargauer Zeitung