Celanese

Berkshire got rid of its investments in Procter & Gamble, UPS and Celanese Corp.

Celanese has proposed selling the business to Italian engineering plastics producer Taro Plast S.p.a.

Celanese announced the deal in February but had to offer remedies to address EU antitrust concerns.

The EU approval is conditional on Celanese divesting its global TPC business, including its production facility in Italy and certain brands.

"The commitments offered by Celanese, divesting a stand-alone business, fully remove our competition concerns as they ensure that a player will remain in the market," the Commission's competition policy head Margrethe Vestager said in a statement on Wednesday.