BRIEF-Sisecam Says It Reaches Agreement Worth $50.0 Mln With Ciner Group To Acquire 40% Shares In Pacific Soda

Dec 27 (Reuters) - TÜRKİYE ŞİŞE VE CAM FABRİKALARI SISE.IS:

• SAID ON THURSDAY IT REACHES DEAL WITH CINER GROUP TO ACQUIRE 40% OF PARTNERSHIP SHARES IN PACIFIC SODA

• DEAL HAS A TOTAL PURCHASING VALUE OF 50.0 MILLION DOLLARS

• TOTAL AMOUNT OF DEAL WITH CINER GROUP FOR 40% SHARES IN SISECAM CHEMICALS RESOURCES AND 40% SHARES IN PACIFIC SODA, INCLUDING BUSINESS DEVELOPMENT COSTS IS 285.4 MILLIN DOLLARS

• SISECAM'S OWNERSHIP IN SISECAM PACIFIC SODA AND SISECAM CHEMICALS RESOURCES HAS INCREASED TO 100%, OWNERSHIP IN SISECAM WYOMING HAS RISEN TO 51%.

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(Gdansk Newsroom)

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