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CINER RESOURCES LP

(CINR)
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Ciner Resources LP : Enterprises Inc. Signs Definitive Agreement to Sell a Controlling Interest in Resources Corporation, Which Owns the Controlling General Partner and Limited Partner Interests in Resources LP, to Sisecam Chemicals USA Inc - Form 8-K/A

11/22/2021 | 06:55am EST
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
ATLANTA--(BUSINESS WIRE)--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.
Contacts
Investor Relations
Ahmet Tohma
Chief Financial Officer
(770) 375-2321
atohma@ciner.us.com

Disclaimer

Ciner Resources LP published this content on 22 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 22 November 2021 11:54:03 UTC.


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Financials (USD)
Sales 2020 392 M - -
Net income 2020 11,7 M - -
Net Debt 2020 132 M - -
P/E ratio 2020 21,7x
Yield 2020 2,70%
Capitalization 332 M 332 M -
EV / Sales 2019 0,89x
EV / Sales 2020 0,98x
Nbr of Employees 269
Free-Float 25,4%
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Managers and Directors
Oguz Erkan Chairman, President & Chief Executive Officer
Ahmet Tohma Chief Financial Officer & Director
Michael Elliott Ducey Lead Independent Director
Thomas W. Jasper Independent Director
Alec G. Dreyer Independent Director
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