Sells to Turkish company for $429 million
On Monday, OCI Enterprises Inc., the North American subsidiary of OCI Company Ltd. (“OCI”) of Seoul, Korea, announced that it has signed a definitive agreement to sell its approximately 73 percent limited partner interest in OCI Resources LP (“OCI Resources” or the “Partnership”), as well as its 2 percent general partner interest and related incentive distribution rights, to Park Holding A.S., a subsidiary of Ciner Group of Istanbul, Turkey for $429 million.
OCI Wyoming employs about 430 people at the Green River facility and its annual soda ash production is 2.7 million metric...
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