** Shares of pipeline operator Genesis Energy GEL.N rise 5% to $13.49 premarket
** Co closes sale of its soda ash manufacturing and related operations to an indirect unit of WE Soda for $1.43 billion
** Says $1.01 billion in proceeds will be used to reduce debt and buy back shares
** GEL had acquired the alkali business from Tronox in 2017 for about $1.33 billion in cash to expand into the chemicals sector
** As of last close, shares were up 27% YTD
(Reporting by Katha Kalia in Bengaluru)
((Katha.Kalia@thomsonreuters.com))
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