Blackstone, Celanese offer concessions in bid for EU okay for tow merger

摘要

Private equity firm Black-stone's and US chemicals company, Celanese, have reportedly offered concessions in an attempt to address EU antitrust concerns over the planned merger of their acetate tow units. The companies submitted their proposal on February 26, according to a filing on the European Commission website. The EU competition authority extended the deadline for its decision to April 26 from April 5.