# 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.

- Type: Acquisition
- Announced: 2017-10-20
- Value: $1.60B
- Status: announced
- Products: acetate tow
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [Celanese](https://endata.com/companies/10711.md)
- [Blackstone Group](https://endata.com/companies/2364.md) (partner)

## Sources

- [chemanager-online.com](https://chemanager-online.com/en/news/eu-probes-celanese-blackstone-acetow-deal), 2017-10-20: "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."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.