# Celanese sells Polyplastics stake to Daicel for $1.575 billion

Celanese Corporation agreed to sell its 45% equity stake in the Polyplastics joint venture to Daicel Corporation for $1.575 billion in cash, giving Daicel full ownership.

- Type: Acquisition
- Announced: 2020-07-19
- Where: Japan
- Value: $1.57B
- Status: announced
- Products: engineered materials, plastics
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md), [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md)

## Companies

- [Celanese](https://endata.com/companies/10711.md)
- [Celanese](https://endata.com/companies/10711.md) (partner)
- [Celanese](https://endata.com/companies/10711.md) (target)
- [Polyplastics Co.](https://endata.com/companies/23089.md) (target)
- [Daicel Corp.](https://endata.com/companies/23091.md) (acquirer)

## Sources

- [celanese.com](https://www.celanese.com/news-and-media/2020/july/monetization-of-polyplastics-joint-venture/), 2020-07-19: "Celanese Corporation today announced it has reached a definitive agreement to sell its 45 percent equity investment in the Polyplastics joint venture to Daicel Corporation for $1.575 billion."
- [celanese.com](https://www.celanese.com/news-and-media/2020/july/monetization-of-polyplastics-joint-venture), 2020-07-19: "Celanese Corporation today announced it has reached a definitive agreement to sell its 45 percent equity investment in the Polyplastics joint venture to Daicel Corporation for $1.575 billion."
- [jp.investing.com](https://jp.investing.com/news/stock-market-news/article-343463), 2020-07-20: "ダイセルは２０日、連結子会社のポリプラスチックスを完全子会社化すると発表した。"
- [plasticstoday.com](https://www.plasticstoday.com/materials/daicel-acquires-celanese-share-in-polyplastics), 2020-07-22: "The deal is valued at $1.575 billion."
- [plasteurope.com](https://www.plasteurope.com/news/POLYPLASTICS_t245591), 2020-07-24: "Celanese to sell its 45% stake to Daicel for EUR 1.4 bn / JV partners to part ways after 56 years."
- [doi.org](https://doi.org/10.1021/cen-09829-buscon7), 2020-07-27: "Celanese is selling its 45% stake in the Asian engineering plastics joint venture Polyplastics to its partner, Daicel, for $1.6 billion."

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