ADVERTISEMENT
Press release content from Business Wire. The AP news staff was not involved in its creation.
PRESS RELEASE: Paid content from Business Wire
Press release content from Business Wire. The AP news staff was not involved in its creation.

Ciner Enterprises Inc. Signs Definitive Agreement to Sell a Controlling Interest in Ciner Resources Corporation, Which Owns the Controlling General Partner and Limited Partner Interests in Ciner Resources LP, to Sisecam Chemicals USA Inc.

November 20, 2021 GMT

ATLANTA--(BUSINESS WIRE)--Nov 20, 2021--

Ciner Enterprises Inc. (CEI), a wholly owned subsidiary of We Soda Ltd of London, UK, has signed a definitive agreement to sell 60% of Ciner Resources Corporation (CRC) to Sisecam Chemicals USA Inc., a wholly owned subsidiary of Turkiye Sise ve Cam Fabrikalari A.S. of Istanbul, Turkey. CRC owns an approximately 72% limited partner interest in Ciner Resources LP (NYSE: CINR) (“Ciner Resources” or the “Partnership”), as well as its 2% general partner interest and related incentive distribution rights, and so the sale of a controlling interest in CRC, if completed, will result in a change of control for Ciner Resources.

ADVERTISEMENT

View source version on businesswire.com:https://www.businesswire.com/news/home/20211120005146/en/

CONTACT: Investor Relations

Ahmet Tohma

Chief Financial Officer

(770) 375-2321

atohma@ciner.us.com

KEYWORD: GEORGIA UNITED STATES NORTH AMERICA

INDUSTRY KEYWORD: MINING/MINERALS NATURAL RESOURCES

SOURCE: Ciner Resources LP

Copyright Business Wire 2021.

PUB: 11/20/2021 04:12 PM/DISC: 11/20/2021 04:12 PM

http://www.businesswire.com/news/home/20211120005146/en