Ciner Resources LP (CINR) - NYSE
  • Jun. 26, 2015, 5:44 PM
    • While OCI Resources (NYSE:OCIR) is not likely to attract interest from the three largest strategic players in the market, the soda ash producer could be an attractive purchase for chemical-focused P-E firms or an indirect strategic player, according to TheDeal.
    • OCI Enterprises, which owns a 75% stake in OCIR, said earlier this week it is evaluating strategic alternatives for its entire stake in the MLP.
    • Analysts say none of the three largest players in the space - Tronox (NYSE:TROX), Belgium's Solvay (OTC:SVYSF) and India's Tata Chemicals - are considered a suitable bidder for OCIR, but various P-E firms and chemical companies could take a long look.
    • OCIR could fetch 9x-9.3x EBITDA, which works out to a range of $1.15B-$1.19B, the report says.
    | Jun. 26, 2015, 5:44 PM | 1 Comment
Company Description
Ciner Resources LP engages in the trona ore mining and soda ash production business. The company is a producer of soda ash in the world, serving a global market from its facility in the green river basin of Wyoming. The company was founded on April 22, 2013 and is headquartered in Atlanta, GA.
Industry: Industrial Metals & Minerals
Country: United States