Blackstone sells out

Williams, Dede; Gibson, Jane
May 2007
ICIS Chemical Business;5/28/2007, Vol. 2 Issue 68, p9
Trade Publication
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.


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