Draslovka to acquire division of American Chemours

Published: 29.07.2021 Related countries:  United Arab Emirates United Arab Emirates

Czech based company is going to do the acquisition in the field of Chemistry industry

Draslovka Holding has agreed to take over the Mining Solutions division of the American The Chemours Company for more than CZK 11.3bn (USD 520m). The acquisition represents the company's first significant investment in the United States and confirms its plans for international expansion. The transaction is expected to close in 4Q 2021, subject to regulatory approvals and other customary conditions. Chemours Mining Solutions operates the largest solid sodium cyanide plant in the world in Memphis, Tennessee, and operates in the United States, Mexico, Canada and South America. Source: https://www.cianews.cz/en