Brief: Solvay: buys full ownership of its natural soda ash operation in Wyoming

Solvac SA

04/05/2022 06:04

May 4 (Reuters) - Solvay  SOLB.BR :
    * Solvay secures sole ownership of its Green River, Wyoming
natural soda ash operation
    * Acquisition of the 20% minority stake of AGC in the Soda
Ash JV
operated in Green River, WY, USA, building on its leadership
position in trona-based soda ash production.
    * At a cash purchase price of $120 million, this transaction
will
be significantly value accretive to Solvay, with a post tax cash
return on capital in excess of 15%.
    * Transaction is expected to be completed on May 4, 2022.

Source text for Eikon:  ID:nGNE74zyrP 
Further company coverage:  SOLB.BR 

 (Reporting by Sudip Kar-Gupta)
 ((sudip.kargupta@thomsonreuters.com;))