According to the Zhitong Finance APP, LB Group (002601.SZ) announced that its subsidiary, Baili Lian Europe, signed an Asset Purchase Agreement with Venator UK on October 15, 2025, Beijing time. Baili Lian Europe intends to acquire assets related to the titanium dioxide business held by Venator UK through cash payment, including land and buildings, machinery and equipment, spare parts, business books, intellectual property, inventory, and more. The transaction price is USD 69.9 million (excluding VAT, stamp duty, and other taxes).

The target assets of this transaction are the assets related to the titanium dioxide business held by Venator UK, a subsidiary of Venator Materials PLC, including land and buildings, machinery and equipment, spare parts, business books, intellectual property, inventory, and more. Venator, along with Chemours, Tronox, and Kronos, is one of the four major titanium dioxide producers in Europe and the United States. Venator is a titanium dioxide producer that employs both sulfate and chloride production processes, and Venator UK is the only plant under Venator that produces titanium dioxide via the chloride process, with a designed annual production capacity of 150,000 tons, boasting good product quality and customer relationships