Tronox to sell laminate business, in MoU to sell Ashtabula

Tronox announced it has submitted to the European Commission (EC) definitive agreements with Venator Materials to divest its European paper-laminate product business as part of the conditional approval granted to Tronox by the EC on 4 July 2018, with respect to Tronox's proposed acquisition of the TiO2 business of Cristal. Tronox also entered into a binding MoU with Venator providing for the negotiation of a definitive agreement to sell Cristal’s Ashtabula, Ohio, two-plant TiO2 production complex to Venator if a divestiture of Ashtabula is required to consummate the Cristal acquisition.