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  "notes": "The slide provides a valuation breakdown for the 2021 acquisition and a table showing how control value changes relative to SIRE unit price assumptions.",
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      "text": "On November 19, 2021, Ciner Enterprises agreed to sell a 60% interest in Sisecam Chemicals to Sisecam USA for $300.0 million (the “2021 Acquisition”)",
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      "text": "Source: Public filings. 1. Based on Illustrative Value per LP Unit and 20.2 million SIRE LP and GP units. 2. SIRE Market Cap divided by 51% to arrive at an implied equity value for Sisecam Wyoming",
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      "text": "Value of Sisecam Parent Interest $300.0; Implied Value of Sisecam Chemicals $500.0",
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      "text": "2021 Acquisition of 60% of SCR",
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