Tronox to challenge regulator on block of Cristal deal

25/01/2018 Argaam

 

Tronox Limited has filed legal complaint against the US Federal Trade Commission (FTC) over blocking its planned acquisition of the titanium dioxide business of Cristal.

 

Cristal is a 79 percent subsidiary of Saudi Arabia’s Tasnee. US-based Tronox Limited announced plan to acquire the business for $1.67 billion.

 

The Federal Trade Commission (FTC) rejected the deal on antitrust grounds, saying it adversely impacts competition in North America’s market.

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