The people said that Celanese is working with a financial adviser on the review, which is at an early stage. The Irving, Texas-based company has not made any final decisions, and may choose not to break up, according to the report.
Celanese makes polymers for automotive parts and other products, while its acetate tow unit makes fiber for cigarette filters, and another unit makes makes materials for adhesives and paints. A representative for the company declined to comment, Bloomberg reported.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
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