KPC Tenders Its 29% Share In Celanese AG
Kuwait Petroleum Corporation (KPC) announced on 16 December that it was tendering its 29% share (other than Treasury shares) in the German chemical company Celanese AG. KPC is the largest shareholder in the firm. German holding company Blackstone Capital Partners has offered to acquire Celanese for 3.1bn an offer that has been supported by the Celanese board of management. KPC said it would accept the offer and...