The news of a trading halt by Chinese TiO2 producer CNNC TD means that stocks in all four of the country's major titanium pigment producers are now suspended, with the likely target of the latest potential deal thought to be Shandong Dawn. The recent wave of M&A in the Chinese TiO2 sector fits snugly into the wider puzzle of consolidation in China's raw materials industries.
By Dominic Morgan *
The M&A race in China's titanium dioxide (TiO2) industry appears to be heating up as leading producer CNNC TD announced last week that it was negotiating a deal worth over Chinese renminbi (Rmb) 200m ($32.7m**)....