Merger Update

RNS Announcement

RNS Number : 1462E

Competition and Markets Authority

04 November 2020

ANTICIPATED ACQUISITION BY TRONOX HOLDINGS PLC OF TIZIR TITANIUM AND IRON A.S.

Start of CMA Merger Investigation: anticipated acquisition by Tronox Holdings plc of TiZir Titanium and Iron A.S.

The Competition and Markets Authority (CMA) is considering whether it is or may be the case that this transaction, if carried into effect, will result in the creation of a relevant merger situation under the merger provisions of the Enterprise Act 2002 and, if so, whether the creation of that situation may be expected to result in a substantial lessening of competition within any market or markets in the United Kingdom for goods or services.

The CMA announced the launch of its merger inquiry by notice to the Parties on 4 November 2020. The deadline for the CMA to announce its decision whether to refer the Merger for a Phase 2 investigation is therefore 4 January 2021.

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RNS metadata

Title: Merger Update
Time: 07:00:04
Date: 4 Nov 2020
Category: Acquisitions and alliances
ID: 1462E