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Chemical Week Magazine :: Business & Finance :: United States/Americas

OCI’s US soda ash operations go public in $95-million offering

3:29 PM MDT | September 23, 2013 | —Clay Boswell

OCI Resources (OCIR; Atlanta), the majority-owned US soda ash operations of OCI (Seoul), launched its initial public offering as a master limited partnership (MLP) on the New York Stock Exchange on 13 September. OCIR offered 5 million common units priced at $19 each, for a total value of $95 million. Shares closed at $18.25 on the first day of trading and at $18.39 on 18 September. The offering comprises a 25.1% limited partner interest in OCIR, which was founded earlier this year to operate OCI Wyoming, the trona ore mining and soda ash production business of...

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