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US Blackstone Group bids E3.1bn for German chemical maker Celanese16/12/2003. Source: AltAssets. 
 US Blackstone has made an offer of E3.1bn for German publicly listed chemicals maker Celanese, in Europe’s third largest ever buy-out.
The company’s equity has been valued at just over E1.6bn. Blackstone has also agreed to take over the company’s net debt of E446m and its pension and employee health-related obligations, valued at just over E1bn.
The transaction marks Blackstone’s second German deal in just two weeks. The firm recently acquired Sulo, a family-owned German waste management company, in a deal worth more than E500m.
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