Advertisement

If you have an ACS member number, please enter it here so we can link this account to your membership. (optional)

ACS values your privacy. By submitting your information, you are gaining access to C&EN and subscribing to our weekly newsletter. We use the information you provide to make your reading experience better, and we will never sell your data to third party members.

ENJOY UNLIMITED ACCES TO C&EN

Business

Europe Commission probes acetate deal

by Alexander H. Tullo
January 15, 2018 | A version of this story appeared in Volume 96, Issue 3

Celanese says it has received a statement of objection from the European Commission over the merger of its acetate tow business with Blackstone’s. Last June, Celanese agreed to form a joint venture with the Blackstone unit, which the private equity firm had recently acquired from Solvay. The joint venture would be the world’s largest supplier of the fiber, used in cigarette filters. The EC opened an investigation into the deal in October, noting its concerns that the transaction would reduce competition in the market.

Article:

This article has been sent to the following recipient:

0 /1 FREE ARTICLES LEFT THIS MONTH Remaining
Chemistry matters. Join us to get the news you need.