029 Group SE

M&A Activity • Sep 12, 2003

News Details

Ad-hoc | 12 September 2003 08:00

Celanese AG english

Celanese to sell its Acrylates business to The Dow Chemical Company Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– Celanese has reached an agreement to sell its Acrylates business to The Dow Chemical Company. As part of its strategy to focus on its core businesses, Celanese AG has signed an agreement to sell its acrylates (acrylics) business product line, including inventory, intellectual property and technology for crude acrylic acid, glacial acrylic acid, ethyl acrylate, butyl acrylate, methyl acrylate and 2-ethyl hexyl acrylate, as well as acrylics production assets at the Celanese Clear Lake, Texas facility to The Dow Chemical Company. In 2002, this business generated sales of approximately EUR 320 million. Celanese expects the sale to generate a slight gain. In related agreements, Celanese will provide certain contract manufacturing services to Dow, and Dow will supply acrylics to Celanese for use in its emulsions production. The transaction remains subject to customary closing conditions, including regulatory approvals. end of ad-hoc-announcement (c)DGAP 12.09.2003 Issuer’s information/explanatory remarks concerning this ad-hoc-announcement: Contact – Media Relations: Michael Kraft, Tel. +49 (0)69 305 14072 Phillip Elliott, Tel. +49 (0)69 305 33480 Contact – Investor Relations: Todd Elliott, Tel. +49 (0)69 305 83199 Oliver Stratmann, Tel. +49 (0)69 305 4139 Andrea Stine (USA), Tel. +1 908 522 7784 More information about Celanese is available on the internet under http://www.celanese.com ——————————————————————————– WKN: 575300; ISIN: DE0005753008; Index: MDAX Listed: Amtlicher Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin- Bremen, Düsseldorf, Hamburg, München und Stuttgart; NYSE 120800 Sep 03