CELANESE DEAL
February 1st, 2003
BY KEITH NUTHALLREGULATORY approval for a proposed propylene-based oxo chemicals joint venture between German companies Celanese AG and Degussa AG could be held up by the European Commission, which has opened a detailed investigation into the deal. Both companies want to combine their production and sales activities regarding these chemicals, used as chemical intermediates, solvents and plasticisers. This follows a preliminary examination into competition concerns in a number of markets where the combined entity would have very high market shares. The 50/50 joint ...
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