Genesis Energy rises after selling soda ash operations for $1.43 billion
03/03/2025 15:49
Updates ** Shares of pipeline operator Genesis Energy GEL.N rise 2.1% to $13.11 ** Co closes sale of its soda ash manufacturing and related operations to an indirect unit of WE Soda for $1.43 billion ** Says $1.01 billion in proceeds will be used to reduce debt and buy back shares ** GEL had acquired the alkali business from Tronox in 2017 for about $1.33 billion in cash to expand into the chemicals sector ** Including session's moves, shares up 30.37% YTD (Reporting by Katha Kalia in Bengaluru) ((Katha.Kalia@thomsonreuters.com))