# 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.

- Type: Acquisition
- Announced: 2018-03-26
- Status: cancelled
- Products: cellulose acetate for cigarette filters
- 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

- [cen.acs.org](https://cen.acs.org/business/mergers-&-acquisitions/EU-forces-Celanese-abandon-acetate/96/i13), 2018-03-30: "EU forces Celanese to abandon acetate joint venture, approves Bayer-Monsanto deal, with conditions"

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