Chemours (CC) to Sell Mining Solutions Business to Draslovka for $520 Million
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The Chemours Company Agrees to Sell Mining Solutions Business to Draslovka for $520 Million
July 26, 2021 5:22 PM EDTWILMINGTON, Del., July 26, 2021 /PRNewswire/ --Â The Chemours Company (Chemours) (NYSE: CC), a global chemistry company with leading market positions in Titanium Technologies, Thermal & Specialized Solutions, Advanced Performance Materials, and Chemical Solutions has entered into a definitive agreement to sell its Mining Solutions business for $520 million in cash (representing 10 times 2020 Adjusted EBITDA)1 to Draslovka Holding a.s. ("Draslovka"), a Czech-based private company specializing in cyanide production. The transaction is expected to close in the fourth quarter of 2021 subject to regulatory approvals and other customary closing conditions.
"Today's announcement of the Mining... More
