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Celanese to buy DuPont transportation and materials division for $11 billion

 Last Update: 2022-03-02
 Source: Internet
 Author: User

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DuPont announced on February 18 that it has reached an agreement with Celanese to divest most of its transportation and materials divisions to Celanese, with the transaction expected to close by the end of 2022

celanese

DuPont's sale price is $11 billion (approximately RMB 69.

As early as last November, DuPont announced that it would make a major strategic change and planned to sell the transportation and materials division

Ed Breen, executive chairman and chief executive officer of DuPont, said the transaction is an important milestone in DuPont's transformation

In addition, DuPont is advancing the sale of its Delrin acetal (POM) resin business, with sales of $550 million in 2021, with the transaction planned to close in the first quarter of 2023

Celanese, the U.

In fact, this is not the first time Celanese has acquired a DuPont business

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