VALUE.AS
OCI N.V. Faces Legal Challenge to Orascom Construction Deal
OCI Global N.V. has received a petition from Value8 N.V. seeking an inquiry into its affairs and interim measures that could block a shareholder vote on its proposed combination with Orascom Construction PLC. The company, which trades on Euronext as OCI, says the petition largely repeats allegations from ongoing proceedings and believes it is without merit. OCI is reviewing the petition with legal advisers and will respond through appropriate channels, while reaffirming its focus on executing its announced strategy and previously communicated transactions.