Celanese offers remedies seeking EU antitrust approval on DuPont deal
Chemical

Celanese offers remedies seeking EU antitrust approval on DuPont deal

The European Commission on Competition will seek feedback from rivals and customers before deciding by October 11.

  • By ICN Bureau | September 25, 2022

Celanese has offered remedies in a bid to address antitrust concerns raised by the European Union related to its proposed $11B acquisition of DuPont's (DD) mobility and materials business, according to a European Commission filing Wednesday that did not offer details.

The European Commission on Competition will seek feedback from rivals and customers before deciding by October 11 whether to accept the remedies or demand more; it could open a four-month investigation if it has serious concerns.

Celanese announced the acquisition in February, but investors and analysts questioned the deal's costs while appreciating the long-term benefits to the company.

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