Saturday , October 1 2022

We expect the completion of the "Crystal" and "Traunix" store at the end of the year or the beginning of 2019


Mutlaq Al Muraished, Managing Director of Tasnee National, expects to complete the TRONEX and Crystal agreement by the end of the year or early next year.

He told Al Arabiya television that the Trunix and Crystal agreement had all the necessary approvals and only the United States Federal Trade Commission would remain, and if approved, the agreement would be concluded immediately.

He said there was a lot of progress with the US Federal Trade Commission (FTC), which would implement the SCTA requirement for the sale of Ashtabula complex in Crystal State of Ohio until the deal has ended.

According to information available in "number" A US court issued a verdict in September in September that approved a decision by the United States Federal Court to block a TRONEX agreement to acquire Crystal titanium dioxide activities, which is 79 percent owned by Tasnee.

In February 2017, Tasneex and Tronex signed an agreement whereby TRONEX would purchase $ 1.67 billion titanium dioxide sector assets in the Titanium dioxide sector, equivalent to 6.27 billion. "Crystal" has a share of 24% in the company "Traunix" after the merger of the business.

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