|
Related Companies
|
[]
|
||||||||
|
Related Funds
|
[]
|
||||||||
|
|
|||||||||
|
English
|
|||||||||
|
oda_MaterialEventDisclosureGeneralAbstract|
|
|
||||||||
|
oda_UpdateAnnouncementFlag|
|
|
Hayır (No)
|
|||||||
|
oda_CorrectionAnnouncementFlag|
|
|
Hayır (No)
|
|||||||
|
oda_DateOfThePreviousNotificationAboutTheSameSubject|
|
|
-
|
|||||||
|
oda_DelayedAnnouncementFlag|
|
|
Hayır (No)
|
|||||||
|
oda_AnnouncementContentSection|
|
|
||||||||
|
oda_ExplanationSection|
|
|
||||||||
|
oda_ExplanationTextBlock|
|
With the purpose of taking over 60% of Ciner Group's United States soda operations, based on a resolution taken by Sisecam BoD on 19/11/2021, it has been decided to make the following stake purchases for a total amount of USD 450 Million including all expenses related to the transactions and business development on the condition to execute the payment following the deal closing.
- Purchase of Imperial National Resources Trone Inc's 10% stake in Pacific Soda LLC, which is currently equally owned by Sisecam Chemicals USA Inc. and Imperial National Resources Trone Inc,
- Purchase 60% stake in Atlantic Soda LLC, which is fully owned by Imperial National Resources Trone Inc,
- Purchase 60% stake in Ciner Resources Corporation, 74% interest owner in Ciner Resources LP, which is holding 51% in Ciner Wyoming USA, a fully operational natural soda ash production facility with 2.5mn tons/year capacity .
The relevant press release is attached to this material disclosure. Further developments will be announced on the Public Disclosure Platform.
|
||||||||