- July 27, 2021
- Posted by: Stratford Team
- Category: Business
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By Stephen Nakrosis
Chemours Co. on Monday said it agreed to sell its mining solutions business to Czech-based private company Draslovka Holding a.s. for $520 million in cash.
Mark Newman, president and chief executive of Chemours, said, “Today’s announcement of the Mining Solutions divestiture furthers our strategy of focusing on our three principal businesses in order to drive long-term shareholder value.”
Draslovka specializes in cyanide production, Chemours said.
The deal is expected to close in the fourth quarter.
Write to Stephen Nakrosis at stephen.nakrosis@wsj.com
