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Celanese offers remedies in bid to allay EU antitrust concerns on DuPont deal

The logo for DuPont de Nemours, Inc. sometimes appears on the trading floor at the brand new York STOCK MARKET (NYSE) in Manhattan, NEW YORK, U.S., August 3, 2021. REUTERS/Andrew Kelly

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BRUSSELS, Sept 21 (Reuters) – U.S. chemicals company Celanese Corp (CE.N) has offered remedies in a bid to handle 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 offer in February, submitted its proposal on Tuesday, based on the filing which didn’t lay out details.

The EU competition enforcer will seek feedback from rivals and customers before making a decision by Oct. 11 whether to simply accept the remedies or demand more. Additionally, it may open a four-month long investigation if it has serious concerns.

DuPont is remoulding its portfolio to spotlight high-margin electronics and water solutions businesses. read more

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Reporting by Foo Yun Chee;Editing by Elaine Hardcastle

Our Standards: The Thomson Reuters Trust Principles.

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