Green River Star -

OCI confirms trona mine sale

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...



For access to this article please sign in or subscribe.



 

Reader Comments
(0)

 
 

Powered by ROAR Online Publication Software from Lions Light Corporation
© Copyright 2018