M&A Activity • Aug 2, 2013
M&A Activity
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Amsterdam, the Netherlands / 2 August, 2013 8:30 AM
OCI N.V. announced today that as per the closing filings received on 28 July 2013, the Company has completed the execution of all cash and share elections related to its acquisition of Orascom Construction Industries S.A.E. (OCI S.A.E.). OCI N.V. now owns 97.44% of OCI S.A.E. excluding employees' share options in issue. As a result of the transaction, total issued shares by OCI N.V. reached 201,661,948 shares. Cash and share elections will be settled by Misr for Central Clearing, Depository and Registry (MCDR) on 5 August.
Approximately US \$1 billion was invested and converted into Egyptian Pounds through the Central Bank of Egypt (CBE) in order to finance the total cash elections of 29,180,180 shares. Financing was provided by U.S. investors including Cascade Investment, L.L.C., Southeastern Asset Management, and Davis Selected Advisers.
To accommodate shareholders in OCI S.A.E. who did not participate in the tender offer, an announcement will be made by OCI N.V. to explain the process for requesting the cash offer which is expected to be available for a period of six months and published on our corporate website. A separate announcement addressing outstanding Global Depository Receipts and American Depository Receipts will also be made as soon as possible. Both announcements are subject to relevant regulatory approvals.
International Financial Advisors: Allen & Co, Barclays Bank PLC, Citigroup, Rabobank International Exclusive Local Financial Advisor: CI Capital Investment Banking Strategic Advisors: Allen & Co Cash Confirmation Banks: Barclays Bank Egypt, Citibank Egypt Information Agent: DF King Worldwide Listing Agent NYSE Euronext Amsterdam: Rabobank International Legal Advisors to the Company: Allen & Overy LLP Legal Advisors to the Company and Cash Confirmation Banks: Zaki Hashem & Partners Communications Advisor: Teneo Strategy LLC
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 Director
Tel: +202 2461 1036/0727/0917
Fax: +202 2461 9409
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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