Celanese (CE) to Divest Stake in Polyplastics JV to Daicel
Celanese Corporation CE inked a definitive deal to sell its 45% equity stake in the Polyplastics joint venture to Daicel Corporation for $1.575 billion. Notably, Daicel will own 100% of Polyplastics upon the conclusion of the deal. Per Celanese management, it intends to use the opportunity to monet...