LONDON, June 7 Reuters WE Soda, the world39;s largest producer of natural soda ash, confirmed on Wednesday it was seeking a London Stock Exchange listing after receiving considerable interest from potential investors.

The final offer price …, together with the maximum number of shares to be sold in the offer, will be determined following a bookbuilding process, it said in a statement.

The company said it expected to receive indirect net proceeds of around 800 million, which will be used to reduce net debt and for general corporate purposes.

WE Soda said in May that the ultimate size of the offering was subject to investor feedback but would represent at least 10 of the group39;s share capital.

J.P. Morgan Securities is sole sponsor, Joint Global Coordinator and Joint Bookrunner, BNP Paribas and Goldman Sachs are joint global coordinators and joint bookrunners and Deutsche Bank, Liberum Capital, Morgan Stanley, MUFG Securities EMEA and Numis Securities are joint bookrunners.

Reporting by Kirstin Ridley, editing by Sinead Cruise

Source Reuters