Rockwood Holdings Inc. said in its first quarter results that it is considering selling its titanium dioxide (TiO2) business.
“We have in the past five years indicated that this [TiO2] business is not one of our core businesses in the long term,” CEO Seifollah Ghasemi said during a webcast of the results.
“Therefore, we have now hired the investment banking firm Lazard to advice us on our strategic options such as sale or IPO of the business on the Frankfurt Stock Exchange,” he added.
Sales in its...