Press Release of the Competition Council Regarding the Economic Concentration Project Concerning the Acquisition by ‘Billions Europe Ltd’ of the Assets Related to the Titanium Dioxide Business Held by ‘Venator Materials UK Limited’.

In accordance with Article 13 of Law No. 104-12 on freedom of prices and competition and Article 10 of Decree No. 2-14-652 adopted for its implementation, as amended and supplemented, the Competition Council makes available to the public the ‘summary of the transaction’ below, containing the information provided by the parties.

This information has been prepared by the notifying parties, who are solely responsible. Any inaccurate or distorted information contained therein does not in any way prejudge the Competition Council’s position on the proposed transaction.

The publication of this press release does not attest to the completeness of the file provided for in Article 9 of Decree No. 2-14-652 adopted for the implementation of Law No. 104-12 on freedom of prices and competition as amended and supplemented.

Names of the companies and groups concerned:

• The acquirer: ‘Billions Europe Ltd’;
• Target Assets: The assets related to the production of titanium dioxide-based products by ‘Venator Materials UK Limited’ within the Greatham plant in the United Kingdom, the distribution of these products, and the research and development activity.carried out within the leased premises related to titanium dioxide-based products.

Nature of the operation :

• Asset purchase

Economic sector concerned :

• Chemical industry – manufacturing and marketing of titanium dioxide pigments.

Deadline for interested third parties to submit their comments :

• 10 days from the date of publication of this notice, i.e. December 22, 2025.

NON-CONFIDENTIAL SUMMARY OF THE OPERATION PROVIDED BY THE PARTIES

The Competition Council has received notification of an economic concentration project concerning the acquisition by the company “Billions Europe Ltd” (“Billions Europe”) of assets related to the titanium dioxide business held by the company “Venator Materials UK Limited”.

“Billions Europe Ltd”: is a British limited liability company, registered with the Companies House under number 09298775, with its registered office located at Winder House, Kingfisher Way, Stockton-on-Tees, Cleveland, TS18 3EX, United Kingdom.Elle a pour activité la vente et la distribution de pigments de dioxyde de titane. « Billions Europe Ltd » est une filiale indirectement détenue à 100 % par la société « LB Group Co., Limited » (« LB », conjointement avec ses filiales contrôlées, le « Groupe LB »). Le Groupe LB fabrique et commercialise principalement une large gamme de pigments de dioxyde de titane pour diverses utilisations à l’échelle mondiale.

The target assets consist of assets related to the manufacture of titanium dioxide-based products by ‘Venator Materials UK Limited’ at the Greatham plant in the United Kingdom, as well as the distribution of such products and the research and development activities carried out at leased premises related to titanium dioxide-based products. These assets include, in particular, land and buildings, facilities and machinery, spare parts, commercial documents, intellectual property, and inventories.

 

Done at Rabat, on December 11, 2025.