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Celanese Gives Key Updates on Joint Venture with Blackstone

Peter Neil
Celanese Gives Key Updates on Joint Venture with Blackstone

On January 8, 2018, Celanese (CE) confirmed that it had received the statement of objections from the European Commission on its joint venture with Blackstone (BX) to form a new acetate tow supplier. Celanese mentioned it as a standard review procedure of a phase two investigation. Celanese said it would work closely with the European Commission for successful closure of the joint venture.