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Finance

WE Soda readies for London share listing

by Alex Scott
June 9, 2023 | A version of this story appeared in Volume 101, Issue 19

 

WE Soda's operations in Ankara, Turkey.
Credit: WE Soda
WE Soda operations in Ankara, Turkey

WE Soda, a UK-headquartered firm that claims to be the world’s largest producer of naturally sourced soda ash, is preparing to list its shares on the London Stock Exchange. The company is owned by Ciner Group, a Turkish industrial conglomerate. The Financial Times reports that WE Soda is seeking a valuation of about $7.5 billion. It recorded pretax profits in 2022 of $838 million and sales of $1.77 billion. It has soda ash mines in Ankara, Turkey, and in Wyoming.

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