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An Australian incorporated chemical producer has bought a privately held global chemical and mining company’s titanium dioxide business in a deal worth US$2.2 billion.
Firms: Ashurst (Tronox Limited); Kirkland & Ellis (Tronox Limited); Clifford Chance (Cristal)
Value: US$2.2 billion
Area: M&A
Key players: The Ashurst team was led by corporate partner John Sartori, with assistance from corporate partners Nick Terry and Kylie Lane, competition partners Peter Armitage and Ross Zaurrini, tax partners Ian Kellock and Geoffrey Mann, real estate partner Pauline Tan, resources partner Mark Brennan, and employment partner George Cooper.
Deal significance: The combination of the titanium dioxide businesses of Tronox and Cristal creates the world's largest and most highly integrated titanium dioxide pigment producer, with assets and operations on six continents.
The combined company will operate 11 titanium dioxide pigment plants in eight countries with a total capacity of 1.3 million metric tons per annum, and will have titanium feedstock operations in three countries with a total capacity of 1.5 million metric tons per annum.
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Emma Musgrave (née Ryan) is the managing editor, professional services at Momentum Media.
Emma has worked for Momentum Media since 2015, including five years spent as the editor of the company's legal brand - Lawyers Weekly. Throughout her time at Momentum, she has been responsible for breaking some of the biggest stories in corporate Australia. In addition, she has produced exclusive multimedia and event content related to the company's respective brands and audiences.
Prior to joining Momentum Media, Emma worked in breakfast radio, delivering news to the Central West region of NSW, before taking on a radio journalist role at Southern Cross Austereo, based in Townsville, North Queensland.
She holds a Bachelor of Communications (Journalism) degree from Charles Sturt University.
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Emma Musgrave
