以6990万美元交易对价“抄底”！龙佰集团子公司拟收购Venator UK钛白粉业务相关资产

Core Viewpoint - Longbai Group's subsidiary, Billions Europe Ltd, has signed an asset purchase agreement to acquire titanium dioxide-related assets from Venator UK for $69.9 million, which is significantly below the asset's book value of approximately $195 million, indicating a strategic acquisition opportunity [1][2][3] Summary by Sections Acquisition Details - The acquisition involves the purchase of assets including land, buildings, machinery, spare parts, business records, intellectual property, and inventory related to the titanium dioxide business [2] - The purchase price of $69.9 million represents only 35.8% of the book value of the assets, showcasing a substantial discount [3] Strategic Importance - The acquisition targets Venator UK's chloride titanium dioxide production technology and capacity, which is the only facility under Venator Materials PLC capable of producing this type of titanium dioxide, with a designed annual capacity of 150,000 tons [1][3] - This move is expected to enhance Longbai Group's product matrix in chloride titanium dioxide and support its global industrial layout [4] Financial Context - The assets have a book value of approximately $534 million, with a net value of about $195 million after accounting for depreciation of around $339 million [2] - The transaction is seen as a high-value investment given the significant discount to the asset's book value [3] Additional Investments - Concurrently, Longbai Group plans to invest $55 million to establish two wholly-owned subsidiaries in the UK and Malaysia, furthering its international expansion strategy [6][7] - The UK subsidiary, named "LB British Titanium Industry Co., Ltd," will focus on the production and sales of titanium dioxide, potentially managing the acquired business from Venator UK [6] - The Malaysian subsidiary, "LB Advanced Material Asia Sdn. Bhd.," will have a broader scope, including the production and sale of chemicals and providing technical services [6][7] Market Positioning - The overseas investments are part of Longbai Group's strategy to enhance its international competitiveness and market share, aiming for sustainable long-term development [7]