Celanese offers remedies in bid to allay EU antitrust concerns on DuPont deal

The logo for DuPont de Nemours, Inc. is seen on the trading floor at the New York Stock Exchange (NYSE) in Manhattan, New York City, U.S., August 3, 2021. REUTERS/Andrew Kelly

BRUSSELS, Sept 21 (Reuters) - U.S. chemicals company Celanese Corp (CE.N) has offered remedies in a bid to address EU antitrust concerns about its proposed $11 billion acquisition of DuPont's mobility and materials business, a European Commission filing showed on Wednesday.

Celanese, which announced the deal in February, submitted its proposal on Tuesday, according to the filing which did not set out details.

The EU competition enforcer will seek feedback from rivals and customers before deciding by Oct. 11 whether to accept the remedies or demand more. It can also open a four-month long investigation if it has serious concerns.

DuPont is remoulding its portfolio to focus on high-margin electronics and water solutions businesses. read more

Reporting by Foo Yun Chee;Editing by Elaine Hardcastle

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