Tronox could win conditional EU approval for Cristal deal
Tronox is set to obtain approval to buy Tasnee’s Cristal on condition that its sells a portion of its assets to address the competition concerns, according to Reuters. It is worth noting that the European Commission opened an investigation in December last year, since the deal could reduce competition in the global Tio2 market.
National Industrialization Company: SAR21.14 as of 21 Jun. 2018, Rating: Neutral, TP: SAR19.50/share, MCap: USD3,771mn, NIC AB/2060.SE
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