Trakya Cam sells Soda Sanayi stake to Sisecam

Turkish flat glass producer Trakya Cam, has decided to sell its 19.446% stake (TRL 12.2 million nominal-valued) in Soda Sanayi, which is part of Sisecam Chemicals Group, to Sisecam for TRL 7.05 per sh…

Turkish flat glass producer Trakya Cam, has decided to sell its 19.446% stake (TRL 12.2 million nominal-valued) in Soda Sanayi, which is part of Sisecam Chemicals Group, to Sisecam for TRL 7.05 per share. Sisecam will pay TRL 85.7 million to Trakya Cam for the Soda Sanayi shares. In addition, Sisecam will buy the Soda Sanayi shares held by Anadolu Hayat and Anadolu Sigorta (0.03% in total) for TRL 58,712 and TRL 86,511, respectively. As a result, Sisecam will raise its stake in Soda Sanayi to 69.695% from 50.217%.