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Related parties

In the course of its operations, the LANXESS Group sources materials, inventories and services from a large number of business partners around the world. These include companies in which LANXESS AG has a direct or indirect interest. Transactions with these companies are carried out on an arm’s-length basis.

Transactions in the third quarter and first nine months of 2013 with associated companies accounted for in the consolidated financial statements using the equity method, or subsidiaries of such companies, mainly comprised the purchase of site services in the fields of utilities, infrastructure and logistics totaling €95 million (Q3 2012: €121 million) and €327 million (9M 2012: €363 million), respectively. Receivables of €3 million and payables of €117 million existed as of September 30, 2013 as a result of these transactions (December 31, 2012: €4 million and €67 million). Existing payment obligations to these companies under operating leases or under purchase agreements relating to planned or ongoing capital expenditure projects in the area of property, plant and equipment are immaterial.

No material business transactions were undertaken with other related parties. As in the previous year, no loans were granted to members of the Board of Management or the Supervisory Board in the first nine months of 2013.