M&A
Tata Chemicals acquires soda ash customer contracts in the US for $21-M
BSE Announcement Business Line
Tata Chemicals North America, a wholly-owned subsidiary of publicly listed Tata Chemicals, has been declared the successful bidder in the Chapter 11 bankruptcy proceedings of Searles Valley Minerals (SVM) USA. The transaction involves the acquisition of certain soda ash customer contracts and related commercial rights. The deal has been approved by the US Bankruptcy Court for the District of Delaware for USD 21.16-M in cash.The acquired contracts cover over 5,00,000 tonnes of soda ash supply from September 2026 through December 2028. The company expects these contracts to generate revenues exceeding USD 110-M over the specified period.
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