We advised the underwriters on the equity offering

Davis Polk advised the underwriters on a $401 million SEC-registered secondary offering of 21,975,315 ordinary shares of Tronox Holdings plc by Exxaro Resources Limited.

Tronox is a vertically integrated manufacturer of high-quality titanium products, including titanium dioxide pigment, specialty-grade titanium dioxide products and high-purity titanium chemicals, and zircon. Exxaro is a resources group with business interests in South Africa, Europe, the United States and Australia. Exxaro’s asset portfolio includes coal operations and investments in iron ore, pigment manufacturing, renewable energy (wind) and residual base metals.

The Davis Polk corporate team included partner Michael Kaplan and counsel Jeffrey S. Ramsay. Partner Dan Hirschovits and associate Vivek Thanki provided English law advice. Partners Po Sit and Jonathan Cooklin and associates Lex L. Varga and Freddie Schwier provided U.S. and English tax advice. Members of the Davis Polk team are based in the New York and London offices.

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