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December 23 2013
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November 7 2013
OCI N.V. announced today that The Gavilon Group, a commodity management firm owned by Ospraie Management, General Atlantic, Soros Fund Management and OCI N.V., has reached an agreement to sell its energy business to NGL Energy Partners LP. The definitive agreement contemplates the sale of Gavilon’s energy business on a cash-free, debt-free basis for a cash purchase price of US$ 890 million, which includes approximately US$ 200 million of working capital, subject to a customary adjustment based on a target level of working capital to be delivered by Gavilon at the closing of the proposed transaction. The transaction is expected to close in December 2013, subject to customary closing conditions.
November 4 2013
November 1 2013
October 28 2013
October 28 2013
October 18 2013
October 9 2013
OCI N.V. announced today that its subsidiary, OCI Partners LP (the “Partnership”), has closed its initial public offering of 17,500,000 common units representing limited partner interests in the Partnership (“Common Units”) at US$ 18.00 per Common Unit. The Common Units trade on the New York Stock Exchange under the ticker symbol “OCIP.”
October 4 2013
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.
October 4 2013
OCI N.V. announced today that its subsidiary, OCI Partners LP (the “Partnership”), has priced its initial public offering of 17,500,000 common units representing limited partner interests in the Partnership (“Common Units”) at US$ 18 per Common Unit. The Common Units are expected to begin trading on the New York Stock Exchange on October 4, 2013 under the ticker symbol “OCIP.” The offering is expected to close on or about October 9, 2013, subject to customary closing conditions.
September 30 2013
September 25 2013
September 25 2013
September 24 2013
OCI N.V. announced today that its subsidiary, OCI Partners LP (the “Partnership”), has commenced an initial public offering of 17,500,000 common units representing limited partner interests in the Partnership (“Common Units”) pursuant to a registration statement on Form S-1 previously filed with the U.S. Securities and Exchange Commission (“SEC”). The Partnership intends to grant the underwriters a 30-day option to purchase up to an additional 2,625,000 Common Units. The Common Units have been approved for listing on the New York Stock Exchange and will trade under the symbol “OCIP.”
September 23 2013
September 23 2013
OCI N.V. announced today that it will begin trading today as part of the AMX Index, the NYSE Euronext Amsterdam’s midcap index. The NYSE Euronext Amsterdam announced OCI N.V.’s inclusion to the AMX Index on 5 September, 2013.
September 18 2013
September 18 2013
September 18 2013
September 18 2013
OCI N.V. announces an equity offering of up to €150 million (the “Equity Offering”) together with €300 million aggregate principal amount of senior unsecured bonds (the “Bonds”) convertible into ordinary shares of OCI N.V. (the “Ordinary Shares”) (the “Convertible Bond Offering” and together with the Equity Offering, the “Offerings”).
September 10 2013
OCI N.V. has published an English translation of the Company's Arabic announcement of the tender offer in Egyptian newspapers on 10 September, 2013.
September 9 2013
Please visit the Takeover to view the press release entitled "OCI N.V. Extends Tender Offer Period for Local Shares in Orascom Construction Industries S.A.E."
September 5 2013
OCI N.V. announced today that following the quarterly review of the NYSE Euronext Amsterdam indices, OCI N.V. will be included in the AMX index as of 23 September, 2013.
August 29 2013
OCI N.V. announced today that the OCI Construction Group has been awarded a contract by Technip France (Technip) to execute greenfield and brownfield work at Sonatrach’s Algiers Refinery in Sidi Arcine, located approximately 15 kilometres from the Port of Algiers.
August 29 2013
OCI N.V. announced today that its Non-Executive Board of Directors will propose to the next general meeting of shareholders the appointment of Mr. Kees van der Graaf as an independent non-executive member of the Board of Directors of OCI N.V.
August 29 2013
OCI N.V. today announced that it intends to file a registration statement with the U.S. Securities and Exchange Commission, to register an exchange offer (the “Exchange Offer”) of American Depositary Shares (“ADSs”) representing ordinary shares of OCI N.V. to be offered in exchange for ADSs representing ordinary shares of Orascom Construction Industries, S.A.E. (“OCI S.A.E.”).
August 29 2013
OCI N.V. announces its first half results for 2013.
August 29 2013
Please visit the Takeover section of this website to view the press release entitled "OCI N.V. Announces Plan for OCI S.A.E. Reg S GDRs"
August 28 2013
OCI N.V. announced today that the company’s primary trading line on the NYSE Euronext Amsterdam will begin trading in Euros at the start of today’s session
August 21 2013
OCI N.V. announced today that management and the board of directors have taken the necessary steps to convert the company’s primary listing trading currency on the NYSE Euronext Amsterdam from US dollars to Euros.
August 8 2013
OCI N.V. announced today that Sorfert Algérie, a 2.1 million metric ton capacity Greenfield nitrogen fertilizer complex owned in partnership with Sonatrach commenced commercial production. The full ramp-up of both production lines along with exports will be achieved by the end of August 2013.
August 7 2013
OCI N.V.’s subsidiary Egyptian Fertilizer Company (EFC) announced today that it has reached a preliminary agreement on the amendment to its existing natural gas supply agreement with the Egyptian Natural Gas Company (GASCO). The amendment comes after months of negotiations and serves as a crucial milestone in ensuring a reliable natural gas supply to the plant moving forward.
August 2 2013
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.
August 1 2013
OCI N.V. announced today that it has been classified in MSCI and FTSE indices to reflect the buyout of Orascom Construction Industries S.A.E. (OCI S.A.E.).
August 1 2013
Orascom E&C USA Inc. (OEC USA), OCI N.V’s wholly owned engineering and construction subsidiary based in the United States, announced today that it has awarded RW Constructors LLC a subcontract to execute Mechanical, Electrical, and Instrumentation (MEI) erection works at the Iowa Fertilizer Company (Iowa Fertilizer).
July 29 2013
OCI N.V. has published a Supplement on 28 July 2013 in which the Company provides an update of certain information contained in the Offering Circular dated 18 January 2013. The Supplement is available at OCI N.V.’s website at www.ocinv.nl.
July 28 2013
OOCI N.V. announced today that as of the closing filings on 28 July 2013, OCI N.V. expects to own 97.44% of OCI S.A.E. corresponding to 201,616,948 as a result of the tender offer launched on 27 June 2013.
July 17 2013
OCI N.V. announced today that the OCI Construction Group has been awarded several contracts in Egypt valued at a total of EGP 1.5 billion. These contracts, part of which will be paid in foreign currency, cover a number of sectors such as power, healthcare and transportation, and were awarded by both private and public sector clients. Among the new awards are Phase II of Dar El Fouad hospital and a 500 megawatt power plant in Six of October City.
July 16 2013
OCI N.V. announced today that as of the latest filings on 16 July 2013, 25.89% of Orascom Construction Industries S.A.E. (OCI S.A.E) shareholders on the Egyptian Exchange have responded to the tender offer launched on 27 June 2013.
July 15 2013
OCI N.V. announced today that Sorfert Algérie, a 2 million metric ton capacity Greenfield nitrogen fertilizer complex owned by Orascom Construction Industries (OCI S.A.E.) in partnership with Sonatrach, has restarted operations on train one and has begun commissioning works on train two. Commercial production is expected to commence in August 2013 with exports following suit by the end of the month.
July 2 2013
OCI N.V. announced today that the OCI Construction Group, through its subsidiary Orascom Saudi Limited Company (OSL), has concluded negotiations for the award of infrastructure contracts worth a combined value of SAR 1.6 billion (US$ 420 million).
June 28 2013
OCI N.V. announced today that it will propose to the next general meeting of shareholders the appointment of Mr. Sipko Schat as an independent non-executive member of the Board of Directors of OCI N.V.
June 27 2013
English translation of the Arabic announcement published in Egyptian newspapers on 26 June, 2013
June 25 2013
OCI N.V. announced today that it has received approval from the Egyptian Financial Supervisory Authority (EFSA) to launch its proposed tender offer for Orascom Construction Industries’ (OCI S.A.E.) outstanding ordinary shares listed on the Egyptian Stock Exchange (EGX).
June 19 2013
OCI N.V. reports the results of the Ordinary and Extraordinary General Meetings of its subsidiary, Orascom Construction Industries S.A.E., which were convened earlier today.
June 5 2013
OCI N.V. today announced that it intends to contribute its methanol and ammonia facility near Beaumont, Texas to a newly formed limited partnership (the “MLP”) and that it expects the MLP to file a registration statement with the U.S. Securities and Exchange Commission to register an initial public offering (the “IPO”) of common units to be issued by the MLP. OCI N.V. expects that the initial filing of the registration statement will occur in June 2013.
June 3 2013
OCI N.V. announced today that it has formally submitted updated documentation to the Egyptian Financial Supervisory Authority (EFSA) to launch a tender offer on all of Orascom Construction Industries’ (OCI S.A.E) shares on the Egyptian Stock Exchange (EGX).
June 3 2013
OCI N.V.’s subsidiary, Orascom Construction Industries (OCI S.A.E), announced today it is convening an Ordinary General Meeting (OGM) and an Extraordinary General Meeting (EGM), as per the request of the Egyptian Financial Supervisory Authority (EFSA), to allow its shareholders to vote on various resolutions pertaining to the Share Exchange Offer for its shares announced by OCI N.V.
May 27 2013
Sonatrach and OCI N.V. announced today they have reached an agreement on the commercial and economic terms related to Sorfert Algérie (Sorfert), a 2 million metric ton per year (mtpa) Greenfield nitrogen fertilizer complex jointly owned by the parties.
May 17 2013
Construction Group Update • Consolidated backlog as at 31 March 2013 stood at US$ 6.8 billion reflecting a decrease of 3% over the backlog as at 31 December 2012 and an increase of 5% over the same period last year • New awards totaled US$ 700 million during the quarter as compared to US$ 841 million during the same period last year • Infrastructure and industrial work constitute 72% of the Construction Group backlog as at 31 March 2013 Fertilizer Group Update • During the first quarter, the Fertilizer Group sold 1.57 million metric tons of nitrogen-based fertilizer products as compared to 1.33 million metric tons during the same period last year. • The Group also sold 183 thousand tons of methanol and 38 thousand tons of melamine during the quarter as compared to 23 thousand tons of methanol and 38 thousand tons of melamine during the first quarter of 2012 • The Group’s plants in Egypt, Egyptian Fertilizer Company (EFC) and Egypt Basic Industries Corporation (EBIC), faced natural gas supply curtailments during the quarter which reduced their utilization rates to 47.3% and 29.7% respectively • Since the tax settlement agreement with the Egyptian Tax Authority (ETA), utilization rates at EFC and EBIC have increased to a daily range of 60-70% • Iowa Fertilizer Company (Iowa Fertilizer) issued US$ 1.2 billion in bonds in the US tax-exempt market
May 15 2013
OCI N.V. announced today that its American Depository Receipts (ADR) began trading on the OTCQX marketplace (OTCQX) today after upgrading to OTCQX International Premier. BNY Mellon will serve as OCI N.V.’s Principal American Liaison (PAL) on OTCQX.
May 14 2013
OCI N.V.’s subsidiary, Orascom Construction Industries (OCI), announced today that it has been advised by OCI N.V. of its intention to formally proceed with filing all necessary documentation with the relevant Egyptian authorities to complete the Company’s tender offer for the ordinary shares of OCI listed on the Egyptian Stock Exchange (EGX).
May 1 2013
Iowa Fertilizer Company LLC (Iowa Fertilizer), a wholly owned subsidiary of OCI N.V., announced today that it has issued approximately US$ 1.2 billion of bonds to institutional and retail investors in the US tax-exempt market through the Iowa Finance Authority.
April 30 2013
Summary of Consolidated Results for Q4 2012 : • Consolidated revenues increased 5.3% to US$ 1,492.9 million (EGP 9,088.2 million) versus US$ 1,418.4 million (EGP 8,484.9 million) in Q4 2011 • EBITDA decreased 14.9% to US$ 290.2 million (EGP 1,767.6 million) versus US$ 341.0 million (EGP 2,041.0 million) in Q4 2011 • Consolidated EBITDA margin of 19.4% and Construction Group EBITDA margin of 8.2% during Q4 2012 • Net income decreased 165.3% to a loss of US$ 81.2 million (a loss of EGP 487.4 million) versus US$ 124.4 million (EGP 746.9 million) in Q4 2011 and was impacted by extraordinary charges of US$ 181.2 million (EGP 1,087.2 million). These charges included: - a one-off US$ 82.0 million in additional interest expense related to delayed interest payments on the agreed to tax settlement with the Egyptian Tax Authority (ETA) for the years 2007-2010 - a one-off US$ 99.2 million goodwill impairment for Egyptian Fertilizer Company (EFC) in light of the natural gas supply environment in Egypt • Net income excluding the extraordinary charges decreased 22.4% to US$ 96.5 million (EGP 587.5 million) versus US$ 124.4 million (EGP 746.9 million in Q4 2011) and was adversely affected by the following items: - a production loss at EFC and Egypt Basic Industries Corporation (EBIC) due to low natural gas supply experienced during the quarter - a drop in the Construction Group’s margin to 8.2% during the fourth quarter of 2012 due to construction cost overruns at Sorfert Algeria Summary of Consolidated Results for FY 2012: • Consolidated revenues decreased 0.4% to US$ 5,492.0 million (EGP 33,262.5 million) versus US$ 5,511.3 million (EGP 32,722.0 million) in FY 2011 • EBITDA decreased 19.1% to US$ 1,138.4 million (EGP 6,894.7 million) versus US$ 1,407.0 million (EGP 8,353.7 million) in FY 2011 • Consolidated EBITDA margin of 20.7% and Construction Group EBITDA margin of 9.8% during FY 2012 • Net income decreased 61.7% to US$ 259.5 million (EGP 1,571.6 million) versus US$ 678.4 million (EGP 4,028.9 million) in FY 2011
April 30 2013
OCI N.V.’s subsidiary, Orascom Construction Industries (OCI S.A.E.), announced today that it will pay the Egyptian Tax Authority (ETA) ten instalments during 2013 - 2017 totalling EGP 7.1 billion less EGP 182 million in existing tax credits to end a dispute regarding tax claims for the years 2007 to 2010. During that period, OCI S.A.E. divested its cement business through the sale of a listed subsidiary, Orascom Building Materials Holding (OBMH). The agreed amount is based on the originally disclosed tax claim by the ETA of EGP 4.7 billion including accrued interest and delay fees.
March 8 2013
OCI N.V.’s subsidiary, Orascom Construction Industries (OCI), in response to yesterday’s statement from the Egyptian Tax Authority (ETA), reiterated its strong position on the alleged tax claim further undermining any allegations of tax evasion.
March 6 2013
OCI N.V.’s subsidiary, Orascom Construction Industries (OCI), announced today that it has received notification from the Egyptian Tax Authority (ETA) to discuss the alleged tax claim against the Company on Sunday 10 March, 2013.
March 3 2013
OCI N.V.’s subsidiary Orascom Construction Industries (OCI), in response to articles published by several websites commenting on recent statements from several identified and unidentified sources within the Egyptian government, confirmed that it has received no formal notification about a travel ban on its current Chairman and Chief Executive Officer Nassef Sawiris and former Chairman Onsi Sawiris pending confirmation of allegations of tax evasion in Egypt.
February 28 2013
OCI N.V.’s wholly-owned subsidiary Iowa Fertilizer Company (IFCo), a Greenfield nitrogen fertilizer plant located in Lee County, has announced that its Engineering, Procurement and Construction (EPC) Contractor, the OCI Construction Group, has awarded a construction contract valued in excess of US$ 60 million to Matrix Service Inc.
February 21 2013
Please visit the Takeover to view the press release entitled "Closing of the Exchange Offer"
February 20 2013
OCI N.V. announced today that its subsidiary, Orascom Construction Industries S.A.E (OCI S.A.E.), will comply with the Egyptian Financial Supervisory Authority’s (EFSA) request for additional documentation, disclosures and clarification pertaining to the announced Mandatory Tender Offer (MTO) by OCI N.V. on its ordinary shares.
February 18 2013
Please visit the Takeover to view the press release entitled "OCI N.V. Submits MTO"
February 14 2013
Please visit the Takeover to view the press release entitled "Further Extension of the Exchange Offer"
February 13 2013
Please visit the Takeover to view the press release entitled "OCI N.V. Reports Results of OCI S.A.E. OGM and EGM"
February 7 2013
February 1 2013
Please visit the Takeover to view the press release entitled "OCI N.V. Confirms Acceptances of Second Close"
January 25 2013
Please visit the Takeover to view the press release entitled "OCI N.V. Confirms Acceptances of First Close"
January 25 2013
Please find below a link to the NYSE Euronext Amsterdam listing event for OCI N.V.: http://exchanges.nyx.com/en/nyse-euronext-amsterdam/oci-nv-celebrates-listing-nyse-euronext-amsterdam
January 25 2013
OCI N.V. announced today its first of trading on NYSE Euronext in Amsterdam under the ticker symbol ‘OCI US’.
January 24 2013
OCI N.V. has published a Supplement to the Offering Circular
January 18 2013
Please visit http://www.oci.nl/takeover-offer/ to view the press release entitled "OCI N.V. Launches Exchange Offer"
© OCI NV 2014