OCI to Close Divestment of Controlling Stake in Fertiglobe

Written by PR Newswire

AMSTERDAM, Oct. 11, 2024 /PRNewswire/ -- OCI Global (Euronext: OCI) ("OCI") today announced that the divestment of OCI's 50% + 1 share stake in Fertiglobe (ADX: FERTIGLB) ("Fertiglobe") to Abu Dhabi National Oil Company P.J.S.C. ("ADNOC") disclosed in December 2023, has received all required approvals and is expected to close on Tuesday 15 October 2024.

Ahead of closing, a block trade will be initiated today, 11 October 2024 and is expected to settle on Tuesday 15 October 2024.

Following the completion of the transaction, ADNOC's shareholding in Fertiglobe will increase to 86.2% while the free float traded on the Abu Dhabi Securities Exchange (ADX) will remain at 13.8%.

Contact Details:

Sarah Rajani CFA, Vice President Investor Relations & CommunicationsEmail: sarah.rajani@oci-global.com

Learn more about OCI at www.oci-global.com. You can also follow OCI on LinkedIn.

OCI to Close Divestment of Controlling Stake in Fertiglobe

Restoring Movement Through Exercise Physiology

How Third-Party Logistics (3PL) Can Transform Your Supply Chain in Australia

Piling Construction: The Foundation of Strength and Stability in Modern Building Projects

Industrial Drying Equipment: Enhancing Efficiency and Precision Across Manufacturing and Processing …

Co-Working Meets Co-Living: Why Mixed-Use Properties Will Be Hot Rentals

How Labour Hire Supports Sydney and Gold Coast Businesses

3PL Logistics Australia: Building Smarter, Scalable, and Reliable Supply Chains

Defence Recruitment: Building Australia’s Future Security Workforce

eCommerce Web Design: Creating Online Stores That Engage, Convert, and Grow

How Third-Party Logistics (3PL) Can Transform Your Supply Chain in Australia

Piling Construction: The Foundation of Strength and Stability in Modern Building Projects

Industrial Drying Equipment: Enhancing Efficiency and Precision Across Manufacturing and Processing Industries

Co-Working Meets Co-Living: Why Mixed-Use Properties Will Be Hot Rentals

How Labour Hire Supports Sydney and Gold Coast Businesses

3PL Logistics Australia: Building Smarter, Scalable, and Reliable Supply Chains

No more call to cancel: the government wants to crack down on ‘subscription traps’

As music festival season ramps up, artists can help shine a light on an ‘invisible’ workforce

Australian economic growth is solid but not spectacular. Rate cuts are off the table

The clock is ticking on a golden opportunity for real change in Australia

Copper theft is hitting building sites, street lights – and now phones. How do we stop it?

Many super funds are still failing retirees, even as millions prepare to stop work

A global tax crackdown is coming for crypto – including NZ trades worth billions

Passing on a family business isn’t easy. Here’s why – and what factors predict success

Here’s what new debt-to-income home loan caps mean for banks and borrowers

China reportedly wants to do more deals in its own currency. Australia’s banks aren’t ready

How to respond to sexual harassment or assault at a work party

Men earn nearly $10,000 more than women in bonuses and overtime pay, fuelling the gender pay gap: new data

Inflation jumps in October, adding to pressure on government to make budget savings

Getting rid of your unwanted car

Restoring Movement Through Exercise Physiology

Nina Maya’s new renovation of her heritage terrace in Paddington

All you need to know about engine reconditioning

Aussie businesses slammed by coronavirus: act quickly

Denver daily private tours

Choosing Your Dream Getaway: Decoding the Types of Accommodation Packages

Mantra at Sharks

Rail adventure to the NSW outback

How Door-to-Door Private Transfers Simplify Your Ski Trip

NewsServices.com