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In line with the goals of Şişecam, operating across 14 countries on 4 continents, to further strengthen its holistic approach and effective management in the regions and industries it operates, as well as to become a global leader in soda ash production; the Board of Directors, in its decision dated November 29, 2024, has decided to initiate the negotiation process for the acquisition of all Ciner Group's indirect shares in Şişecam Wyoming LLC (20.4%) and all its partnership shares in Pacific Soda LLC (40%), under the soda ash operations in U.S.A., for a total amount of 285 Million 389 Thousand USD, including business development costs. The General Directorate of Şişecam has been authorized to carry out all necessary actions related to the acquisition process.
Further material developments will be announced to our investors in due course within the framework of the relevant legislation. In case of a discrepancy between the Turkish and the English versions of this disclosure statement, the Turkish version shall prevail. |
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