29.11.2018 • NewsElaine BurridgeHuntsmanTronox

Tronox Relocates, Shareholder Exits

Tronox Relocates, Shareholder Exits (c) Tronox
Tronox Relocates, Shareholder Exits (c) Tronox

US titanium dioxide (TiO2) producer Tronox has announced its intention to re-domicile to the UK from Australia. The company said the move will provide more authority and flexibility to buy back its own shares, eliminate its dual-class share structure and enable it to create an organizational and legal structure that more efficiently manages a global business.

The relocation will be done by creating a new holding company incorporated in the UK called Tronox Holdings. A shareholders meeting to approve the move will be held in the first quarter of 2019.

In addition, major shareholder Exxaro Resources has agreed to sell its remaining 24% stake in Tronox in a “controlled and scheduled manner.”  Tronox said it will also accelerate the repurchase of Exxaro’s 26% share in a Tronox UK subsidiary. This subsidiary holds loans that were made to two Tronox subsidiaries in South Africa.

The agreement with Exxaro addresses several legacy issues related to Tronox’s acquisition of the South African company’s mineral sands business in 2012.

Separately, the US Federal Trade Commission (FTC) has extended the deadline for filing its decision on Tronox’s proposed acquisition of Saudi Arabian pigment producer Cristal to Dec. 19.

On Sept. 5, the US District court for the District of Columbia granted a request by the FTC for a preliminary injunction that blocked the merger.

The FTC and Tronox have been embroiled in a legal wrangle over Cristal since the agency first objected to the deal last year on concerns it would reduce competition. The US is the only outstanding approval needed. European regulators gave the green light in August on condition that Tronox sell its paper laminate grade of TiO2 to Huntsman spinoff Venator.

Virtual Event

Digitalization in the Chemical Industry
CHEManager Spotlight

Digitalization in the Chemical Industry

Save the Date: October 22, 2025
The event will be promoted to a combined audience of over 100,000 professionals across Europe through the CHEManager and CITplus networks.

Interview

Specialty Chemicals in a Shifting World
Adapting to Tariffs and Strengthening Regional Networks

Specialty Chemicals in a Shifting World

Jennifer Abril, President & CEO of SOCMA, discusses the impact of new tariffs and the importance of regional supply networks in the specialty chemical industry.

most read

Photo
28.07.2025 • NewsChemistry

VCI Welcomes US-EU Customs Deal

The German Chemical Industry Association (VCI) welcomes the fact that Ursula von der Leyen, President of the European Commission, and US President Donald Trump have averted the danger of a trade war for the time being.