Clifford Chance He Ping Joint Operation Office* is advising LB Group Co., Ltd (LB Group) on its acquisition of relevant assets in relation to the titanium dioxide (TiO₂) business from Venator Materials UK Ltd (Venator UK).
The acquisition includes assets related to the TiO₂ business held by Venator UK, a subsidiary of Venator Materials PLC, including real estate, machinery, spare parts, business records, intellectual property, inventory, and other related assets.
LB Group is a leading manufacturer of high-performance TiO₂ pigments. With over 35 years of TiO₂ pigment manufacturing experience, LB Group manufactures a wide range of TiO₂ pigments for all major applications using the sulfate process and the chloride process.
The combined Clifford Chance He Ping team* advised on various aspects of this complex cross-border transaction. The team includes:
- China: Glen Ma (Head of Corporate at Clifford Chance He Ping)+, partner Bai Yong, local partner Julia Peng+, counsel Fang Bao, senior associates Carol Jia, Xiang Li+ and Michael Yan, associates Wanghao Jiang and Ziwen Wang, and trainee Yiyang Wang in Shanghai, Beijing and Hong Kong;
- UK: Partners Melissa Coakley, Erik O’Connor, Alis Pay, Stephen Reese, Alastair Windass, Sarah McAleer, Herbert Swaniker and Adam Hedley, director Simon Corzberg, senior associates Harini Viswanathan, Andrew Quaile, Alex Currie, Katie Kempthorne, Adam Hunter and Lauren Royers, and associate Antonia Donaldson, Molly Margiotta and Ella Burnside in London.
The completion of the transaction is subject to regulatory approvals and other applicable closing conditions.
* Clifford Chance LLP and Shanghai He Ping Law Firm have established a Joint Operation in the China (Shanghai) Pilot Free Trade Zone under the name Clifford Chance LLP and Shanghai He Ping Law Firm (FTZ) Joint Operation Office with the approval of the Shanghai Bureau of Justice.
+ From Shanghai He Ping Law Firm.
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