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Europe Daily Bulletin No. 8991

15 July 2005
Contents Publication in full By article 25 / 31
GENERAL NEWS / (eu) eu/competition
Acetex takeover by Blackstone is approved

Brussels, 14/07/2005 (Agence Europe) - After its investigation, the Commission authorised the proposed acquisition of the Canadian chemicals company, Acetex, by the US-based merchant-banking firm, Blackstone, for the sum of $492 million. The inquiry essentially covered the activities of Celanese, which is controlled by Blackstone and is present on the same markets as Acetex. The Commission gave its authorisation despite its initial doubts concerning the horizontal overlapping on the markets...

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A LOOK BEHIND THE NEWS
THE DAY IN POLITICS
GENERAL NEWS
ECONOMIC INTERPENETRATION