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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. |
We proclaim that our above disclosure is in conformity with the principles set down in “Material Events Communiqué” of Capital Markets Board, and it fully reflects all information coming to our knowledge on the subject matter thereof, and it is in conformity with our books, records and documents, and all reasonable efforts have been shown by our Company in order to obtain all information fully and accurately about the subject matter thereof, and we’re personally liable for the disclosures.