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Saudi GAC approves two economic concentration transactions

Saudi GAC approves two economic concentration transactions
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Riyadh – Mubasher: Saudi Arabia’s General Authority for Competition (GAC) approved economic concentration between Tronox Saudi Industries Company and the National Titanium Dioxide Company Ltd. (Cristal).

Hence, Tronox will acquire titanium metal and related assets' works from Cristal, according to a statement on Thursday.

Moreover, the authority approved concentration between TCO KSA Holdings PV and Al Khobara Company for Gemstones where they will build a joint venture (JV) in the jewellery sector.