Celanese sells 45% stake in Polyplastics to Daicel for $1.575 billion

Celanese Corporation announced on July 20, 2023, that it has reached a final agreement to sell its 45% stake in the Polyplastics joint venture to Daicel Corporation for $1.575 billion. After completion, Daicel will own 100% of Polyplastics.

“We plan to use this opportunity to monetize historical passive investments and allocate a large amount of capital to high-growth businesses in Celanese.”haythink.com

• 1 source
• haythink.comCelanese Will Sell Its 45% Stake In Polyplastics To Daicel Corporation For US$1.575 Billion - Global Leading Information Platform For Advanced Materials And TechnologiesJan 15, 2024

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