NewsHK
OCI Global N.V.'s board of directors has recommended a voluntary all-cash public offer from NNS at EUR 4.10 per share, throwing its weight behind what initially arrived as an unsolicited bid for the Euronext-listed Amsterdam company.
The endorsement — issued by board members excluding Nassef Sawiris and Nadia Sawiris — comes alongside a separate decision by court-appointed directors to convene an extraordinary general meeting, where shareholders will vote on the OCI-Orascom transaction, setting up a consequential decision point for OCI's investor base.
Board Aligns Behind NNS at EUR 4.10 The independent directors of OCI Global have cleared NNS's offer at EUR 4.10 per share for all issued and outstanding shares.
By explicitly carving out Nassef Sawiris and Nadia Sawiris from the recommendation, the board has drawn a visible governance line — a distinction that will matter to institutional shareholders and arbitrageurs assessing which transaction to support.
Keep reading