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Australia: ACCC probes $1.7bn global titanium deal

By  |  March 12, 2017

Las week the ACCC reported that it will investigate the proposed creation of the world’s biggest titanium dioxide producer through the $US1.7 billion merger of US based Tronox and Gulf based Crystal.

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    Tronox is the world’s number six producer and Crystal second behind DuPont making this union interesting for antitrust regulators. The US company is claiming massive synergy benefits which is often a red flag for merger deals with antitrust authorities as it indicates competitive benefits.

    Separately BP has formally commenced its attempts to get clearance for its $1.8 billion purchase of the Woolworths petrol stations.

    BP which will become the biggest retailer in Australia after the deal made a formal submission on Friday which will trigger a formal inquiry into the deal.

    Full Content: The Australian

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