EU opens in-depth probe into Celanese/Blackstone acetate tow joint venture

The European Commission has opened an in-depth investigation into the proposed joint venture between Celanese and Blackstone to combine their acetate tow businesses, valued at about $1.6 billion from Celanese and €1 billion from Blackstone's Acetow acquisition.

“The Commission said that a preliminary review of the merger showed that it would create a new market leader in an already highly concentrated market.”chemanager-online.com

• 1 source
• chemanager-online.comEU Probes Celanese/Blackstone Acetow Deal • CHEManager is the market-leading medium for the management of the chemical and pharmaceutical industryOct 20, 2017

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