# 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.

- Type: Acquisition
- Announced: 2019-12-19
- Value: $195.0M
- Status: completed
- Products: soda ash
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [Owens-Illinois](https://endata.com/companies/2307.md)
- [Tata Chemicals](https://endata.com/companies/31190.md) (partner)
- [Tata Chemicals (Soda Ash) Partners Holdings](https://endata.com/companies/44072.md) (target)
- [Valley Holdings](https://endata.com/companies/44073.md) (acquirer)

## Sources

- [globenewswire.com](https://www.globenewswire.com/news-release/2019/12/19/1963169/0/en/o-i-announces-progress-on-its-tactical-divestiture-program.html), 2019-12-19: "This asset sale is one component of the Company’s on-going tactical divestiture program targeting total proceeds of between $400 and $500 million."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.