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Lyondell’s Titanium Dioxide Unit Draws Bidders

12:07 PM MDT | July 23, 2007 | Chemical Week Editorial Staff

At least four firms are expected to make a bid for Lyondell’s titanium dioxide (TiO2) unit by the end of January, according to a Reuters report. Rival producers Huntsman and Kronos, are reported to be interested in the business, as are private equity firms Apollo Management (New York) and the Blackstone Group (New York), the report says. The business could fetch up to $1 billion, it says. The companies will not comment on the process. Lyondell previously had said it was reviewing options for its inorganic chemicals business, including Millennium...

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