Solvay-Sisecam buyback approved

Bulgarian State Commission on Securities and Stock Exchanges approved Solvay Sisecam“s planned buyback offer to Bulgarian soda ash producer Solvay-Sodi minority shareholders on 3 October. The price o…

Bulgarian State Commission on Securities and Stock Exchanges approved Solvay Sisecam“s planned buyback offer to Bulgarian soda ash producer Solvay-Sodi minority shareholders on 3 October. The price offered by the majority owner stands at BGL 13 a share. The commission had previously imposed a temporary ban on the buyback offer. Solvay Sisecam holds a 91.5% stake in the chemicals maker and is a consortium of the Belgian chemicals and drugs group Solvay, Turkey“s glass group Sisecam and the European Bank for Reconstruction and Development.