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TURKIYE IS BANKAI S/GDR C - TYABY STOCK NEWS

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The Energy-efficient Windows: Global Strategic Business Report reveals that the market, valued at US$15.5 Billion in 2022, is projected to grow to US$24.3 Billion by 2030, at a CAGR of 5.8%. Glass segment growth is estimated at 7% CAGR, reaching US$14.4 Billion. The U.S. market is valued at US$4.7 Billion, with China expected to reach US$4.2 Billion by 2030, growing at 5.2% CAGR. Key geographical trends show Japan and Canada at 5.4% and 4.6% CAGR respectively. The report includes insights on market dynamics and notable competitors.

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On July 6, 2022, Sisecam Chemicals Resources LLC (SCR) proposed to acquire all outstanding common units of Sisecam Resources LP (NYSE:SIRE) for $17.90 each, based on the 30-day volume weighted average as of July 5, 2022. The proposal requires approval from SCR's conflicts committee and a majority of current common unit holders. There are no guarantees for the completion of this transaction, as various contingencies, including due diligence, must be fulfilled.

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Ciner Resources LP (NYSE: CINR) announced the sale of 60% of Sisecam Chemicals Resources LLC to Sisecam Chemicals USA Inc., a subsidiary of Turkiye Sise ve Cam Fabrikalari A.S. Following this transaction, the Partnership will rebrand to Sisecam Resources LP, effective February 18, 2022, with trading under the new ticker symbol SIRE starting March 1, 2022. Ciner Resources, a leading producer of natural soda ash, holds a 51% interest in Ciner Wyoming. Sisecam is a major player in global soda ash and chemicals, founded 86 years ago and operating in 14 countries.

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Sisecam Chemicals USA Inc. plans to appoint Ertugrul Kaloglu as CEO and Mehmet Nedim Kulaksizoglu as CFO of Sisecam Chemicals Resources LLC, pending immigration and corporate approvals. Kaloglu brings over 25 years of experience, recently as Direct Procurement Director at Sisecam, while Kulaksizoglu has worked in financial roles across European and Russian operations. Sisecam, a major player in soda ash and glass production, acquired a 60% stake in Sisecam Resources in December 2021, which enables these leadership changes.

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Ciner Enterprises Inc. has finalized the sale of 60% of Ciner Resources Corporation to Sisecam Chemicals USA Inc., a subsidiary of Turkiye Sise ve Cam Fabrikalari A.S. This transaction marks a significant change of control for Ciner Resources LP, which continues to operate publicly with its existing management. The sale does not affect publicly held units of Ciner Resources. The board of directors sees new appointments following the changes in ownership, while WE Soda retains its supportive role as a shareholder.

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Ciner Enterprises Inc. has finalized an agreement to sell 60% of Ciner Resources Corporation (CRC) to Sisecam Chemicals USA Inc., a subsidiary of Turkiye Sise ve Cam Fabrikalari A.S. This sale involves a controlling interest in CRC, which holds a 72% limited partner interest in Ciner Resources LP (NYSE: CINR) and 2% general partner interest. If completed, this transaction will result in a change of control for Ciner Resources, impacting shareholders and governance.

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