Letter of Intent with Daicel and Polyplastics on Sale of Topas® - COC Business
07-Oct-2005
Final conclusion of the deal is expected at the end of 2005, pending approval by the managements of the companies and regulatory authorities.
As part of its portfolio optimization strategy, Celanese decided in December 2004 to divest its COC business. The COC business has approximately 100 employees at production and research facilities primarily in Oberhausen and Frankfurt, Germany, as well as in the USA.
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