16 September 2009 20:59 [Source: ICIS news]
HOUSTON (ICIS news)--A US bankruptcy court approved on Wednesday Tronox's bidding procedures to auction off some of its plants, a company spokesman said on Wednesday.
A committee representing the shareholders had opposed the sale, saying the bid price was too low.
However, with the bidding procedures now approved, Tronox can proceed with the auction, scheduled for 8 December.
The auction does not include Tronox's plant in Savannah, Georgia.
The following lists the Tronox plants included in Huntsman's bid:
Kwinana, Western Australia*
Botlek, the Netherlands
*joint venture with Exxaro Resources
($1 = €0.68)
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|