29 September 2025
WE Soda Ltd (“WE Soda” or “the Company”) notes the ongoing legal investigation in Türkiye involving its shareholder and certain companies within the Ciner group of companies (the “Ciner Group”).
WE Soda is not involved with the matters under investigation, and we have not been requested to participate in the investigation. Our business operates independently of those companies involved in the investigation and our operations in Türkiye and globally have not been impacted in any way.
WE Soda and the Ciner Group are committed to the highest standards of governance. It should be noted that the contract for sale of the Ciner Group media assets was signed in December 2024, subject to clearance from the Turkish Competition Authority and other relevant Turkish government regulatory authorities. After three months of regulatory review, the sale was completed on 24 April 2025, having obtained clearance from the relevant Turkish authorities on 20 March 2025. The transaction was conducted in full compliance with applicable legal and regulatory standards, as documented and approved at the time. It should also be noted that the Ciner Group has no connection or business relationship with the buyer group other than this sale of its media asset to the buyer.
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WE Soda
Chris Perry, Head of Investor Relations and Communications
+44 (0)208 148 5456
[email protected]
Sodali & Co (Public Relations adviser to WE Soda)
Peter Ogden
+44 (0)207 250 1446
[email protected]
WE Soda is the world’s largest producer of natural soda ash and a leading producer of sodium bicarbonate. Our purpose is “to responsibly produce essential ingredients for a sustainable future” and sustainability is integrated into everything we do. We produce soda ash with the lowest CO2e emissions intensity within our industry and we believe that we have the lowest impact on nature and the environment. For more information, please visit www.wesoda.com.