
US chemicals company Celanese has offered remedies in a bid to address EU antitrust concerns about its proposed $11 billion acquisition of DuPont’s mobility and materials business, a European Commission filing showed on Wednesday.
Celanese, which announced the deal in February, submitted its proposal on Tuesday, according to the filing which did not set out details.
The EU competition enforcer will seek feedback from rivals and customers before deciding by Oct. 11 whether to accept the remedies or demand more. It can also open a four-month long investigation if it has serious concerns.
DuPont is remolding its portfolio to focus on high-margin electronics and water solutions businesses. Celanese Corporation, formerly known as Hoechst Celanese, is an American technology and specialty materials company headquartered in Irving, Texas. A Fortune 500 corporation, the company is the world’s leading producer of acetic acid, producing about 1.95 million tonnes per year, representing approximately 25% of global production. Celanese is also the world’s largest producer of vinyl acetate monomer.
Featured News
Trump Fires Two Democratic FTC Members, Raising Questions Over Regulatory Independence
Mar 19, 2025 by
CPI
Spain’s BBVA Remains Optimistic About Hostile Takeover of Sabadell
Mar 18, 2025 by
CPI
BlackRock, Vanguard and State Street Seek Dismissal of Texas Antitrust Lawsuit
Mar 18, 2025 by
CPI
EU to Boost Metal Sectors with Energy Relief and Safeguards
Mar 18, 2025 by
CPI
Players’ Association Sues Tennis Governing Bodies Over Alleged Antitrust Violations
Mar 18, 2025 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Self-Preferencing
Feb 26, 2025 by
CPI
Platform Self-Preferencing: Focusing the Policy Debate
Feb 26, 2025 by
Michael Katz
Weaponized Opacity: Self-Preferencing in Digital Audience Measurement
Feb 26, 2025 by
Thomas Hoppner & Philipp Westerhoff
Self-Preferencing: An Economic Literature-Based Assessment Advocating a Case-By-Case Approach and Compliance Requirements
Feb 26, 2025 by
Patrice Bougette & Frederic Marty
Self-Preferencing in Adjacent Markets
Feb 26, 2025 by
Muxin Li