OCI Board Approves All-Cash Offer from NNS Holding Cyprus

OCI Global N.V. (OCI.AS) announced that its board, excluding Nassef Sawiris and Nadia Sawiris, has endorsed a voluntary all‑cash public offer for all issued and outstanding shares of OCI at a price of €4.10 per share, inclusive of dividend, proposed by NNS Holding Cyprus. The court‑appointed directors, after reviewing the transaction between OCI and Orascom alongside the NNS offer, have agreed to convene an extraordinary general meeting (EGM) to approve the OCI‑Orascom deal. The approval will be contingent upon NNS issuing the offer, declaring it unconditional, and completing settlement.

OCI will hold the EGM before the end of the acceptance period for the NNS offer and will publish its position statement at least ten business days before the acceptance period closes.

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