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Announced

Completed

Celanese completed the acquisition of the Santoprene unit of ExxonMobil for $1.15bn.

Financials

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Transaction Value£830m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Private

Majority

Friendly

Single Bidder

Domestic

Acquisition

Chemicals and Synthetic Fibres

United States

polymer alloys

Completed

Synopsis

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Celanese, a Fortune 500 global technology and specialty materials company, completed the acquisition of the Santoprene unit of ExxonMobil, one of the largest publicly traded international energy companies, for $1.15bn. “We are excited to welcome the Santoprene team to Celanese. They have built an industry-renowned brand and product portfolio in the Santoprene™ business that will immediately strengthen the unrivaled portfolio of engineered solutions we bring to our customers. We look forward to the partnership of our commercial and technical teams to take a wider range of Engineered Materials’ solutions into targeted growth areas that will generate meaningful shareholder value," Lori Ryerkerk, Celanese Chairman and CEO.

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