Core Viewpoint - Longbai Group plans to acquire titanium dioxide-related assets from Venator UK for $69.9 million, aiming to enhance its operational and strategic development needs [1] Group 1: Acquisition Details - The acquisition will include land, buildings, machinery, spare parts, business records, intellectual property, and inventory [1] - The transaction price is set at $69.9 million, excluding VAT and stamp duty, with adjustments based on inventory conditions at the time of closing [1] - Estimated VAT and stamp duty liabilities are approximately $14.19 million, to be determined based on the final acquisition price allocation [1] Group 2: Strategic Importance - The acquired assets are part of Venator Materials PLC, a major player in the titanium dioxide market alongside Chemours, Tronox, and Kronos [1] - Venator UK is the only facility under Venator that produces titanium dioxide using the chloride process, with a designed annual capacity of 150,000 tons [1] - The acquisition is expected to strengthen Longbai Group's product quality and customer relationships in the titanium dioxide sector [1]
龙佰集团(002601.SZ):拟收购Venator UK钛白粉业务相关资产