TITLE

Celanese sells oxo units to Advent

AUTHOR(S)
Zwirn, Ed
PUB. DATE
December 2006
SOURCE
ICIS Chemical Business;12/18/2006, Vol. 1 Issue 47, p6
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the decision of Celanese to sell its oxo-derivatives businesses to private equity firm Advent International for € 480 million. The company's oxo-derivatives business has 1,100 employees, sales revenues of $720 million and earnings before interest, taxes, depreciation and amortization of $70 million.
ACCESSION #
23578685

 

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