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Exclusive financial advisor to Celanese in the sale of its common interest in PEMEAS GmbH.
Dallas, December 29, 2005: The Celanese Corporation (CE: NYSE) concluded on December 28, 2005 the sale of its common shares in PEMEAS GmbH. The shares were acquired by PEMEAS GmbH. Further details of the transaction were not disclosed.
Celanese created the fuel cell joint venture known as PEMEAS GmbH in early 2004 with a consortium of private investors. In line with its strategy to divest non-core businesses, Celanese announced in January 2005 its intention to completely withdraw from this business.
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Exclusive financial advisor to Celanese in the sale of its common interest in PEMEAS GmbH. Represented Aspherio in the negotiation of a strategic alliance and a management services agreement, with GSI Commerce Inc. Exclusive financial advisor to the French unit of Harsco Corp.'s Multiserv business sector, in the acquisition of Evulca, a steel mill conveyor maintenance business. |
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