FORM 4 OMB APPROVAL
OMB NUMBER 3235-0287
EXPIRES: December 31, 2001
Estimated Average burden
hours per response.....0.5
U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D. C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
[ X ] Check this box if no longer
subject to Section 16. Form 4 or
Form 5 obligations may continue.
See instruction 1(b).
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934,
Section 17(a) of the Public Utility Holding Company Act of 1935 or
Section 30(f) of the Investment Company act of 1940
(Print or Type Responses)
1. Name and Address of Reporting Person
Petrochemical Resources Holding B.V.
World Trade Centre, Tower B, 17th Floor
1077 XX Amsterdam, Netherlands
2. Issuer Name and Ticker or Trading Symbol
Celanese AG (Trading Symbol CZ)
3. IRS or Social Security Number of Reporting Person (Voluntary)
4. Statement for Month/Year
November 1999
5. If Amendment, Date of Original
(Month/ Year)
6. Relationship of Reporting Persons to Issuer
(Check all applicable)
___ Director |X| 10% Owner
___ Officer (give title below) ___ Other (specify below)
7. Individual or Joint/Group Filing (Check applicable line)
|X| Form filed by One Reporting Person
___ Form Filed by More than One Reporting Person
TABLE I.- NON DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED
1. Title of Security (Instr. 3)
Ordinary Shares, no par value
2. Transaction Date (Month/Day/Year)
<PAGE>
11/08/99
3. Transaction Code (Instr. 8)
Code V
J(1)
4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)
Amount (A) or (D) Price
14,400,000 (D) (1)
5. Amount of Securities Beneficially Owned at End of Month (Instr. 3 and 4)
0
6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
I
7. Nature of Indirect Beneficial Ownership (Instr. 4)
(2)
If the Form is filed by more than one Reporting Person, see Instruction
4(b)(v).
Reminder: Report on a separate line each class of securities beneficially
owned directly or indirectly.
(Print or Type Responses)
(Over)
SEC 1474 (7-96)
Page 1 of 2
FORM 4 (continued)
TABLE II.- DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED
(e.g. puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)
None.
2. Conversion or Exercise Price of Derivative Security
3. Transaction Date (Month/Day/Year)
4. Transaction Code (Instr. 8)
Code V
5. /Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
(A) (D)
6. Date Exercisable and Expiration Date (Month/Day/Year)
Date Exercisable Expiration Date
<PAGE>
7. Title and Amount of Underlying Securities (Instr. 3 and 4)
Title Amount or Number of Shares
8. Price of Derivative Security (Instr. 5)
9. Number of Derivative Securities Beneficially Owned at End of Month
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect(I) (Instr. 4)
11. Nature of Indirect Beneficial Ownership (Instr. 4)
Explanation of Responses:
(1) On November 8, 1999, the Reporting Person ceased to be a beneficial
owner of any securities of the Issuer. On November 8, 1999 all such shares were
transferred to the Reporting Person by the Reporting Person's wholly-owned
subsidiary, Gallus Vermogensverwaltungsgesellschaft mbH; immediately thereafter,
also on November 8, 1999, all such shares were transferred to the Reporting
Person's ultimate parent, Kuwait Petroleum Corporation.
(2) As the Issuer is a "foreign private issuer," as defined under Rule
3b-4 under the Securities Exchange Act of 1934 (the "1934 Act"), pursuant to
Rule 3a-12 thereunder, the Issuer's Ordinary Shares, no par value, are exempt
from Section 16 of the 1934 Act, and the Reporting Person was not subject to
such Section 16 on account of its previous beneficial ownership of such Ordinary
Shares.
/s/ Kersten von Schenck 12/02/99
*** Signature of Reporting Persons Date
Name: Kersten von Schenck
Title: Attorney
On behalf of Petrochemical Resources Holding B.V.
*** Intentional misstatements or omission of facts constitute Federal Criminal
Violations. See 18 U.S.C. 1001 and 15 U.S.C.78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If
space provided is insufficient, see Instruction 6 for procedure.
