Delisting Announcement • Jul 18, 2018
Delisting Announcement
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Amsterdam, The Netherlands / 17 July 2018
OCI N.V. (Euronext: OCI) ("OCI") today announced that it and its affiliate OCIP Holding II LLC exercised their right, pursuant to Section 15.1(a) of the First Amended and Restated Agreement of Limited Partnership of OCI Partners LP ("OCIP"), to purchase all of the outstanding common units representing limited partner interests ("Common Units") in OCIP that were not previously tendered pursuant to the previously announced tender offer. OCI now owns 100% of the Common Units. The Common Units have been suspended from trading and will be delisted from the New York Stock Exchange.
"I am pleased with the successful completion of the tender offer, which will result in a simplification of the group's corporate and capital structures", Nassef Sawiris, Chief Executive Officer of OCI N.V. commented. "It also allows for the streamlining of our operations and distribution activities allowing for synergy realization with our other US assets, as well as a cost reduction with the removal of public company listing costs".
OCI N.V. is a global producer and distributor of natural gas-based fertilizers & industrial chemicals based in the Netherlands. OCI produces nitrogen fertilizers, methanol and other natural gas based products, serving agricultural and industrial customers from the Americas to Asia. OCI is a leading global nitrogen fertilizer producer with over 9.6 million metric tons of capacity. OCI is also on track to become one of the world's largest methanol producers with almost 3.7 million tons of capacity. OCI is listed on Euronext in Amsterdam.
OCI Partners LP owns and operates an integrated methanol and ammonia production facility that is strategically located on the Texas Gulf Coast near Beaumont. The Partnership is headquartered in Nederland, Texas and currently has a methanol production design capacity of 912,500 metric tons per year and an ammonia production design capacity of 331,000 metric tons per year.
Hans Zayed Director Email: [email protected]
Tel: +31 (0) 6 18 251 367
For additional information on OCI:
OCI stock symbols: OCI / OCI.NA / OCI.AS / OCINY
Honthorststraat 19 1071 DC Amsterdam The Netherlands
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