Chemical Week Magazine :: Newsbriefs
Rockwood to complete titanium dioxide divestment by year-end
5:19 AM MDT | May 3, 2013
Rockwood Holdings said last week that it would exit the titanium dioxide (TiO2) business by the end of 2013, and would not delay a sale because of weak TiO2 market conditions. â€śIf we do not get the valuation that we want, we will spin it off to shareholders,â€ť Rockwood chairman and CEO Seifi Ghasemi said in response to a question on whether the sale could be delayed on the companyâ€™s earnings investor call last week. â€śIn terms of the valuation, anybody whoâ€™s looking at buying that business cannot possibly be looking at the performance quarter by quarter...
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