OCI Resources Considers Sale Of Stake In $1 Bln Soda-Ash Business : Report

(RTTNews) - OCI Resources LP (OCIR) is considering the sale of its controlling stake in a $1 billion soda-ash operation, Bloomberg reported citing people familiar with matter.

The report indicated that the company, based in Atlanta, has appointed Citigroup Inc. (C) to explore options for its 51 percent holding in the asset located in Wyoming.

OCI has expanded production at its Green River basin facility amid higher demand for containers and flat glass for cars, with Chief Executive Officer Kirk Milling last month forecasting a "great year" for the business.

OCI Resources owns a 51 percent stake in the soda ash facility, named OCI Wyoming. NRP Trona LLC owns 49 percent.