TITLE

Blackstone sells out

AUTHOR(S)
Williams, Dede; Gibson, Jane
PUB. DATE
May 2007
SOURCE
ICIS Chemical Business;5/28/2007, Vol. 2 Issue 68, p9
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the completion of a secondary offering of Blackstone shares in Celanese. Private equity investor Blackstone and the funds it advises took in nearly $785 million (€583 million) on May 18, 2007 with the completion of a secondary offering of 22.1 million shares in Celanese. The move ended Blackstone's step-by-step exit from the chemicals company it acquired in 2004 for $3.8 billion plus debt.
ACCESSION #
25911920

 

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