Celanese Wins Conditional EU Approval for DuPont Unit Deal

Celanese Corp. won European Union conditional approval for its acquisition of DuPont de Nemours Inc.’s mobility and materials arm.

• “Celanese and Dupont’s Mobility and Materials business compete head to head in the supply of thermoplastic copolyester, an essential input for the automobile sector,” EU Antitrust Commissioner Margrethe Vestager says in statement
• “With their transaction, they would have a combined leading position in the market with only a few alternative suppliers,” she says, adding that the remedies offered “fully remove” the EU’s concerns
• To allay antitrust concerns Celanese offered to divest its global TPC business, including its production facility in ...