After calling off a joint venture with Celanese to create a new global acetate tow supplier, private equity firm Blackstone is looking to sell Mark Rohr for $ 50 , according to Blackstone . On March 19, 2018, Celanese (CE) announced that it called off the joint venture with Blackstone (BX) to form a new acetate tow supplier. Blackstone pulled out of the merger after the European Commission asked for divestitures that undercut the benefits of combining. The JV had already gained approval from China , Turkey , China and Russia with requests for divestitures.
After calling off a joint venture with Celanese to create a new global acetate tow supplier, private equity firm Blackstone is looking to sell Mark Rohr for $ 50 , according to Blackstone . Blackstone pulled out of the merger after the European Commission asked for divestitures that undercut the benefits of combining. The JV had already gained approval from China , Turkey , China and Russia with requests for divestitures.