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Double trouble for Tronox

TiO2 producer Tronox is facing a Phase 2 investigation from the UK’s Competition and Markets Authority (CMA) into its proposed acquisition of the TiZir titanium and iron business from French mining and metallurgy group Eramet. The company said that it may offer unspecified ‘remedies’ before this goes ahead.

SK Capital buys more of Venator

New York-based SK Capital Partners has acquired most of Huntsman’s stake in TiO2 pigments and performance additives producer Venator Materials, which Huntsman span off in 2017. In all, it has bought a 40% stake or 42.5 million shares for about $100 million, including a 30-month option to buy the remaining 9.5 million at $2.15/share.

TiO2 makers head for court over unpaid fee

Venator Materials has started a lawsuit against Tronox, claiming that Tronox has refused to honour a contract to pay a $75 million ‘break fee’ for the termination of the proposed sale of Cristal’s North American titanium dioxide (TiO2) business.
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