INEOS’s Acquisition of Cristal’s North American Titanium Dioxide Business

On March 19, 2019, INEOS Enterprises (“INEOS”) announced that it has signed an agreement to acquire the North American business of National Titanium Dioxide Company Limited (“Cristal”) from Tronox Limited for $700 million. Cravath is representing INEOS in connection with the transaction.

The Cravath team is led by partners Nicholas A. Dorsey and Craig F. Arcella and includes associates Virginie Marier and Samuel A. Lifton on M&A matters; partner J. Leonard Teti II and associates Richard Bohm and Andrew T. Davis on tax matters; associate Jacob M. Phillips on executive compensation and benefits matters; partner Matthew Morreale and senior attorney Annmarie M. Terraciano on environmental matters; partners Christine A. Varney and Margaret T. Segall, practice area attorney Kate F. Stamell and foreign associate attorney Stephanie The on antitrust matters; partner David J. Kappos and practice area attorney Anthony N. Magistrale on intellectual property matters; and senior attorney Joyce Law on real estate matters.