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Announced

Sisecam to acquire a 60% stake in Ciner Resources from Ciner Group for $450m.

Financials

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Transaction Value£334m
Consideration TypeCash
Capital Owned-
Capital Bid For60%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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natural soda ash

Majority

United States

Machinery: Specialty

Acquisition

Cross Border

Public

Pending

Single Bidder

Synopsis

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Sisecam, a glass manufacturer, agreed to acquire a 60% stake in Ciner Resources, a natural soda ash producer, from Ciner Group, holding company for Ciner Resources, for $450m. “With the extra capacity … we are expected to be one of the most powerful players in the natural sodium carbonate field, which we believe will be one of the sectors of the future,” Ahmet Kirman, Sisecam President.

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