COMMISSION FOR THE PROTECTION OF COMPETITION

The Commission for the Protection of Competition received a notification of a proposed concentration, concerning the acquisition of the enterprise Solvay Acetow by The Blackstone Group L.P. (hereinafter «Blackstone group»).

Blackstone group is a global alternative asset manager and operates as an investment manager company.

Solvay Acetow is a global cellulose acetate tow producer. The main operation of the undertaking is the manufacturing and commercialization of cellulose acetate flake and cellulose acetate filter tow. The undertaking is also active in the sector of distribution and marketing of Accoya, a long-lasting, after the acetylation process, treated wood.