Ciner Resources LPNYSE
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.