NNS Holding (Cyprus) LimitedPrivate▲ Positive
Capitalrelevance
NNS Holding is making a voluntary all-cash public offer to acquire OCI Global, which is positive for NNS as it seeks to gain control.
OCI Global's board, excluding Nassef and Nadia Sawiris, recommended a voluntary all-cash public offer from NNS Holding Cyprus at 4.10 euros cum dividend per share. Court-appointed directors consented to convene an extraordinary general meeting to approve the OCI-Orascom transaction, conditional on NNS making the offer, declaring it unconditional, and completing settlement. OCI will hold the EGM before the offer acceptance period closes and publish its position statement at least ten business days prior.
NNS Holding is making a voluntary all-cash public offer to acquire OCI Global, which is positive for NNS as it seeks to gain control.