On 16 February 2015, OCI N.V. announced 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.
The Demerger will result in OCI N.V. continuing to be listed on the Euronext Amsterdam as a global producer of nitrogen fertilizers, methanol and other natural gas based chemical products.
For information and publications related to the Demerger, please visit OCI N.V.'s Demerger Documents page.