As part of plans to acquire full control of the Bulgarian soda ash producer Solvay-Sodi, majority owner Solvay Sisecam Holding has offered to buy out the stakes of other shareholders at 6.6 levs per s…
As part of plans to acquire full control of the Bulgarian soda ash producer Solvay-Sodi, majority owner Solvay Sisecam Holding has offered to buy out the stakes of other shareholders at 6.6 levs per share. Solvay Sisecam Holding, registered in Vienna, Austria, was set up by Belgium chemicals operation Solvay, Turkish glass group Sisecam and the European Bank for Reconstruction and Development in order to comply with EU anti-monopoly legislation. On 30 October 2000, Solvay Sisecam Holding raised its stake in Solvay Sodi to 79.31% from 67% by buying out the remaining Bulgarian government holding of 12.31%.