M&A Activity • Oct 4, 2013
M&A Activity
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Amsterdam, the Netherlands / 4 October, 2013 08:30 AM
OCI N.V. announced today that, as of the close of the local tender offer's first extension period from 29 September 2013 to 3 October 2013, 2,449,731 ordinary shares in Orascom Construction Industries S.A.E. (OCI S.A.E.) listed on The Egyptian Exchange (EGX) were tendered for cash, while 528,366 ordinary shares in OCI S.A.E. elected to accept the exchange offer for shares in OCI N.V. A total of 2,978,097 shares were tendered, representing 90.21% of the total remaining OCI S.A.E. shares listed on the EGX.
OCI N.V. now owns 98.88% of OCI S.A.E. Following the settlement of the shares tendered during the first extension offer period, OCI N.V.'s issued share capital will increase by the 528,366 ordinary shares that accepted the exchange offer, and will now total 203,963,899. OCI N.V. intends to cancel the 2,449,731 OCI S.A.E. shares purchased through the cash elections.
Remaining holders of OCI S.A.E. shares listed on the EGX may contact their broker to elect to tender their shares for EGP 255 per share or to elect to exchange their shares for OCI N.V. ordinary shares during the second extension offer period of 19 January 2014 to 23 January 2014.
OCI N.V. is a global nitrogen-based fertilizer producer and engineering & construction contractor based in the Netherlands. The Fertilizer Group owns and operates nitrogen fertilizer plants in the Netherlands, the United States, Egypt and Algeria and has an international distribution platform spanning from the Americas to Asia. The Fertilizer Group ranks among the world's top fertilizer producers with a fertilizer production capacity of nearly 7 million metric tons. The Construction Group provides international engineering and construction services primarily on infrastructure, industrial and high-end commercial projects in the United States, Europe, the Middle East, North Africa and Central Asia for public and private clients. The Construction Group ranks among the world's top global contractors. OCI N.V. employs more than 75,000 people in 35 countries around the globe and is listed on the NYSE Euronext in Amsterdam.
Omar Darwazah Email: [email protected]
Erika Wakid Email: [email protected]
Hassan Badrawi Email: [email protected] Director
Tel: +44 207 439 4801
Fax: +44 207 439 4802
For additional information on OCI N.V.:
Mijnweg 1, 6167 AC Geleen, The Netherlands
OCI N.V. stock symbols: OCI / OCI.NA / OCI.AS / OCINY
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