IHS Chemical Week

Rockwood to complete titanium dioxide divestment by year end

12:02 PM MDT | May 2, 2013

Rockwood Holdings says it plans to exit its titanium dioxide (TiO2) business in 2013, and would not delay a sale because of weak TiO2 market conditions. β€œIf we do not get the valuation that we want, we will spin it off to shareholders,” chairman and CEO Seifi Ghasemi said in response to a question during the company's investor call earlier this week about whether the sale could be delayed. β€œIn terms of the valuation, anybody who's looking at buying that business cannot possibly be looking at the performance quarter by quarter, because you have to look at it...

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