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Celanese and Blackstone abandon acetate joint venture after EU antitrust concerns · Endata

◂ Announcements

Mar 26, 2018ACQUISITION

Celanese and Blackstone abandon acetate joint venture after EU antitrust concerns

Celanese and Blackstone abandoned plans to merge their cellulose acetate businesses after failing to agree with European antitrust authorities. The joint venture was announced in June 2017 and would have had annual sales of about $1.3 billion.

Status

Cancelled

Productscellulose acetate for cigarette filters

CompaniesCelanese Blackstone Group partner

Sectors#Specialty Chemicals

“EU forces Celanese to abandon acetate joint venture, approves Bayer-Monsanto deal, with conditions”cen.acs.org

1 source
cen.acs.orgEU forces Celanese to abandon acetate joint venture, approves Bayer-Monsanto deal, with conditionsAlex ScottMar 30, 2018

Summarized from public sources; check the original articles before acting on it.

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