Genesis Energy to buy Tronox's alkali business for $1.3 billionStaff Writer | August 4, 2017
Genesis Energy LP said it will buy Tronox Ltd's alkali business, the world's largest producer of natural soda ash, for about $1.33 billion in cash to expand into the chemicals sector.
Acquisition KKR and GSO will buy about 22.2 million units
The company received binding commitments from investment vehicles affiliated with KKR Global Infrastructure Investors II LP and GSO Capital Partners LP for the purchase of the 8.75 percent units.
KKR and GSO will buy about 22.2 million units at $33.71 each, Genesis said. ■