- Chemours (NYSE:CC) agrees to sell its Mining Solutions business to Czech-based Draslovka Holding for $520M.
- Chemours says the sale furthers its strategy of focusing on three principal businesses in order to drive long-term shareholder value.
- Draslovka says the acquisition marks its first major investment in the U.S. and advances its international expansion plans.
- Citing brighter near-term prospects driven by TiO2 cycle improvement and growth in the company's fluoroproducts business, Goldman Sachs recently upgraded Chemours to Buy.