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BRIEF-Celanese, Blackstone to form joint venture in Acetate Tow

June 18 Celanese Corp :

* Celanese and Blackstone to form joint venture in Acetate Tow

* Proposed joint venture to combine Celanese's cellulose derivatives and Blackstone's Rhodia Acetow businesses.

* Celanese and Blackstone will own 70 pct and 30 pct of the JV, respectively

* JV to distribute $1.6 billion in cash to Celanese at close

* Deal to be earnings per share neutral for Celanese in the first year and accretive thereafter Source text for Eikon: Further company coverage:

我们的标准: 汤森路透“信任原则

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