Celanese Deutschland Holding GmbH
Celanese AG: Celanese to reorganize chemical activities in China
Ad hoc announcement transmitted by DGAP – a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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Celanese will reorganize its Chemical Products segment activities in China
to enable a more efficient entity structure.
As a consequence of an instruction received today from Celanese Europe
Holding GmbH & Co. KG based on the existing domination and profit and loss
transfer agreement with Celanese AG, Celanese Holding GmbH will transfer
the shares in Celanese (China) Holding Co. Ltd., which will first acquire
the shares in Celanese Nanjing Chemical Co. Ltd., to BCP Crystal US
Holdings Corp.
The transaction, subject to regulatory approval by the Chinese authorities,
will be effected at the book values of Celanese China Holding of
approximately €7.7 million and of Celanese Nanjing Chemical of around €10.6
million.
Construction of acetic acid, vinyl acetate monomer (VAM) and emulsions
production plants by Celanese Nanjing Chemical Co. Ltd. at the Nanjing site
is currently underway or in planning. The plants are to be commissioned in
2007/2008.
Both Celanese AG and BCP Crystal US Holdings Corp. are indirect
subsidiaries of Celanese Corporation. Celanese Holding GmbH is a subsidiary
of Celanese AG.
(c)DGAP 08.03.2006
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language: English
emitter: Celanese AG
Frankfurter Str. 111
61476 Kronberg im Taunus Deutschland
phone: +49 (0)69 305 16000
fax: +49 (0)69 305 16006
email: M.Kraft@celanese.com
WWW: www.celanese.com
ISIN: DE0005753008
WKN: 575300
indexes:
stockmarkets: Amtlicher Markt in Frankfurt (General Standard); Freiverkehr
in Berlin-Bremen, Düsseldorf, Hamburg, München, Stuttgart
End of News DGAP News-Service
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