Owens-Illinois sells soda ash partnership stake for $195M

Owens-Illinois sold its 25% partnership interest in Tata Chemicals (Soda Ash) Partners Holdings to Valley Holdings, a subsidiary of Tata Chemicals Limited, for $195 million. Proceeds will be used for debt reduction.

“This asset sale is one component of the Company’s on-going tactical divestiture program targeting total proceeds of between $400 and $500 million.”globenewswire.com

• 1 source
• globenewswire.comO-I Announces Progress on its Tactical Divestiture ProgramOwens-Illinois, Inc.Dec 19, 2019

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