OCI Global N.V. has confirmed receipt of an unsolicited voluntary all-cash public offer from NNS Holding (Cyprus) Limited at EUR 4.10 per share. The Board of Directors, excluding Nassef Sawiris and Nadia Sawiris, supports the offer in combination with the previously announced transaction with Orascom Construction PLC, viewing it as in the best interest of minority shareholders. Enterprise Court appointed board members have not yet decided whether to support the offer or consent to an extraordinary general meeting for the Orascom deal. The board remains committed to resolving the current impasse and expects to provide a further update soon.
OCI NVReceipt of an all-cash offer at EUR 4.10 per share, supported by the board for minority shareholders.