Feb 21 Chemical maker Tronox Ltd said
it would expand a business that makes titanium dioxide, a
whitening pigment used in paints, paper and plastics with a
$1.67 billion deal.
Tronox is buying the titanium dioxide unit of privately held
chemical and mining company Cristal.
Cristal will hold a 24 percent stake in the new Tronox,
which will include the expanded pigments unit.
Tronox also plans to sell its alkali business. The unit
makes natural soda ash, which is used in the production of
glass, detergents, chemicals, pulp and paper, and water
(Reporting by Komal Khettry in Bengaluru; Editing by Shounak