Cleary Gottlieb is representing Tronox Holdings plc in its acquisition from Eramet S.A. of TiZir Titanium & Iron AS and its Norwegian production facility that upgrades ilmenite to produce high-grade titanium slag and high-purity pig iron for approximately $300 million.
The transaction was signed on May 14, 2020, and is subject to certain consents and customary closing conditions including regulatory approvals.
Tronox Holdings plc is one of the world’s leading integrated producers of high-quality titanium products, including titanium dioxide pigment, specialty-grade titanium dioxide products, and high-purity titanium chemicals.
Eramet S.A. is a publicly traded French multinational mining and metallurgy company.