RTTNews | Jul 26, 2021 10:52PM EDT

22:52 Monday, July 26, 2021 (RTTNews.com) - Chemours Co. (CC) agreed to sell its Mining Solutions business for $520 million in cash to Draslovka Holding a.s, a Czech-based private company specializing in cyanide production.

The transaction is expected to close in the fourth quarter of 2021 subject to regulatory approvals and other customary closing conditions.

Gordon Dyal & Co. Advisory Group LP is acting as Chemours' financial advisor and Wachtell, Lipton, Rosen & Katz is acting as its legal advisor.

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