{"id":30475,"date":"2024-10-11T11:00:00","date_gmt":"2024-10-11T11:00:00","guid":{"rendered":"https:\/\/www.prnasia.com\/story\/archive\/4528718_AE28718_0"},"modified":"2024-10-11T11:00:00","modified_gmt":"2024-10-11T11:00:00","slug":"oci-to-close-divestment-of-controlling-stake-in-fertiglobe","status":"publish","type":"post","link":"https:\/\/transmediavictoria.net.au\/?p=30475","title":{"rendered":"OCI to Close Divestment of Controlling Stake in Fertiglobe"},"content":{"rendered":"

AMSTERDAM<\/span><\/span>, Oct. 11, 2024<\/span><\/span> \/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<\/span>, has received all required approvals and is expected to close on Tuesday 15 October 2024<\/span>.<\/p>\n

Ahead of closing, a block trade will be initiated today, 11 October 2024<\/span> and is expected to settle on Tuesday 15 October 2024<\/span>.<\/p>\n

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%.<\/p>\n

Contact Details:<\/b><\/p>\n

Sarah Rajani CFA<\/b>, Vice President Investor Relations & Communications
Email: sarah.rajani@oci-global.com<\/a> <\/p>\n

Learn more about OCI at www.oci-global.com<\/a>. You can also follow OCI on LinkedIn.<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

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 […]<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[],"class_list":["post-30475","post","type-post","status-publish","format-standard","hentry","category-business-news"],"yoast_head":"\nOCI to Close Divestment of Controlling Stake in Fertiglobe - My Blog<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/transmediavictoria.net.au\/?p=30475\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"OCI to Close Divestment of Controlling Stake in Fertiglobe - My Blog\" \/>\n<meta property=\"og:description\" content=\"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. 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