January 19, 2026 [Yahoo Finance]- The Chemours Company CC has signed a definitive agreement to sell the remaining land at its former titanium dioxide manufacturing site in Kuan Yin, Taiwan, marking progress in its portfolio and balance sheet optimization strategy. The sale will be made to an ownership group comprising Century Wind Power Co., Ltd., Century Iron & Steel Industrial Co., Ltd. and Century Huaxin Wind Energy Co., Ltd.
The transaction is expected to generate approximately $360 million in gross cash proceeds, before customary taxes and fees are levied. Chemours plans to use the proceeds primarily to reduce its debt, strengthening its balance sheet.
The sale is expected to be closed by mid-year 2026, subject to local regulatory approvals, including environmental conditions. The transaction aligns with Chemours’ focus on executing its strategic priorities to deliver greater shareholder value. The land sale streamlines the company’s asset base and improves earnings power.
CC stock has slumped 19.7% over the past year compared with the industry’s 21.1% decline.
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