Huntsman received approximately $100 million in cash, which includes $8 million for a 30-month option for the sale of the remaining approximate 9.7 million ordinary shares held by Huntsman at $2.15 per share.
December 31, 2020
Huntsman Corp. recently announced that it has completed the sale of approximately 42.4 million ordinary shares of Venator Materials PLC to funds advised by SK Capital Partners, LP.
The transaction is subject to regulatory approvals and is expected to close near year-end.
September 2, 2020
Huntsman Corp. recently announced that it has entered into a definitive agreement with funds advised by SK Capital Partners, LP to sell approximately 42.5 million of the shares it holds in Venator Materials PLC for a cash purchase price of approximately $100 million.
Titanium dioxide (TiO2) can be used as a pigment base in applications such as coatings, plastics, and laminates. No matter the application, it is important to avoid the coagulation and agglomeration of the TiO2 dispersion during both the pigment production process and the end-use manufacturing process.
TiPMC believes this scenario sets up the TiO2 industry for a roller coaster impact throughout the next several months. The implications of a weaker Chinese economy will be involved in a balancing act with reduced Chinese production and increasing Chinese production costs.