Eu2.6bn LBO of Celanese part of larger 2004 pipeline

19 Dec 2003

Deutsche Bank and Morgan Stanley have won the mandate to arrange the bank debt on what will be Europe’s third largest buy-out.

Blackstone’s Eu3.1bn recommended offer to purchase Celanese, the public German chemicals company, will be backed by an estimated Eu2.6bn in debt.

The leveraged loan is expected to look like a US-style transaction ...

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