News

OCI N.V. to Effect Demerger on 7 March 2015

16 February 2015

OCI N.V. (Euronext: OCI) announced today that it has formally commenced proceedings to effect a demerger of the company’s engineering and construction business from its fertilizer and chemicals business (the Demerger), which was previously announced by the Board of Directors on 6 November 2014. The demerged construction business will be called Orascom Construction and will be dually listed on NASDAQ Dubai and the Egyptian Exchange.

Concurrently with the implementation of the Demerger, Orascom Construction intends to offer new ordinary shares representing up to 15% of the Shares to public retail investors, and through a private placement to qualified institutional investors (the Egyptian Offer), as required by law in Egypt.  

For full information in respect of the Demerger and the Egyptian Offer, please see our website at www.oci.nl/demerger