Tronox rumoured to be near to closing $1.5bn deal for FMC’s soda ash business

By Adam Page
Published: Tuesday, 03 February 2015

FMC is a major global supplier of soda ash, posting good results last year after positive optimisation and higher sales in this sector. However with soda ash pricing forecasts flat in the near-term, a divestment of its soda ash business will enable the company to cut debt after a previous acquisition.

US-based diversified chemical producer Tronox Ltd is rumoured to be close to cinching a deal to buy the soda ash business from US-based FMC Corp. for more than $1.5bn.

A person close to the deal told Wall Street Journal reporters that an announcement should be made later today....

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