OCI sale to Ciner Group complete
OCI completed the sale of its 73 percent stake in OCI Resources LP Oct. 26, according to a press release issued by the company.
Earlier this year, OCI announced it would sell its stake to Istanbul, Turkey-based company Ciner Enterprises Inc. for approximately $430 million.
The sale will result in a name change for the company, which will now be called Ciner Resources LP. This sale follows on the heels of another major trona industry sale this year when FMC sold its mine to Tronox.
According to investor documents on OCI Resources’ website, the sale will allow OCI Enterprises the opportuni...