Wikborg Rein assist Tronox with the acquisition of TiZir Titanium & Iron

Wikborg Rein assist together with Cleary Gottlieb and Credit Suisse the international mining and chemical group Tronox with the acquisition of TiZir Titanium & Iron from Eramet.

TiZir Titanium & Iron is located in Tyssedal, in the industrial cluster on Sørfjorden.

Tronox and Eramet entered into an agreement for the purchase of TiZir Titanium & Iron 14 May 2020. The purchase price is approximately USD300,000,000.

Completion of the agreement is subject to customary conditions, such as relevant approvals from the authorities having been obtained.

Announcement from Tronox