Celanese Sells its Share of Polyplastics for $1.575 Billion to Daicel
Celanese Corp. (Dallas, Tex.) announced it has reached a definitive agreement to sell its 45% equity investment in the Polyplastics joint venture (JV) to Daicel Corporation for $1.575 billion. Following the completion of the transaction, Daicel will own 100% of Polyplastics. Celanese’s Engineered Materials presence in Asia is significantly greater now than when the Company … Read more