5 July 2018
EC clears Tronox acquisition of Cristal with minor remedies after Phase 2 investigation
Both parties are active primarily in the production of titanium dioxide pigment. After a wide-ranging investigation, the Commission’s coordinated effects concerns were ultimately dismissed, and remaining issues were limited to horizontal unilateral effects in one relatively small product market. RBB prepared a number of economic submissions and gave evidence at an oral hearing, working alongside law firms Kirkland & Ellis and Cleary Gottlieb. RBB also assisted Tronox with merger inquiries in Australia and New Zealand, where unconditional clearances were granted after detailed investigations, as well as in China, South Korea, Canada, Turkey and Saudi Arabia.