BUZZ-Genesis Energy rises after selling soda ash operations for $1.43 bln

Shares of pipeline operator Genesis Energy GEL.N rise 5% to $13.49 premarket

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

As of last close, shares were up 27% YTD