OCI stock steady as NNS cash offer sets take-private path

Published on 09/21/2026 at 18:18 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

OCI stock is trading around the EUR 4.10 cash offer from NNS Holding as of September 21, 2026, with most of the freefloat already locked up. The tender and merger timetable now anchors the outlook for OCI stock through late November.

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OCI N.V. stock (ISIN NL0010558797) is trading close to the EUR 4.10 per share cash offer from NNS Holding as of September 21, 2026, reflecting investor focus on the proposed take-private and merger with Orascom Construction.

Cash offer and merger timetable drive OCI

According to EnterpriseAM on September 21, 2026, NNS Holding, the family office of Egyptian investor Nassef Sawiris, has opened an all-cash tender offer at EUR 4.10 per OCI share after securing approval from the Dutch regulator AFM for the offer memorandum.

The same report notes that the tender offer is scheduled to close on November 17, 2026, with settlement expected around November 27, 2026, while OCI has called an extraordinary general meeting for October 30, 2026 to vote on the Orascom Construction merger and a separate OCI Nitrogen sale.EnterpriseAM

Freefloat already tightly held

As EnterpriseAM reports, NNS Holding has been buying OCI shares on the open market below the EUR 4.10 offer price, increasing its stake from 49.21 percent in mid-April 2026 to 57.50 percent including Sawiris' personal holdings by August 2026.

The article highlights that with an additional 9.07 percent family block committed, only about EUR 290 million worth of OCI shares remain in freefloat, meaning most of the stock is already spoken for ahead of the tender and EGM.EnterpriseAM

Stock price anchored near offer level

On Euronext Amsterdam, OCI stock most recently traded at EUR 4.11 per share, with the exchange's live index overview showing the stock at EUR 4.11 and a contribution of about EUR 1,905,169 to the AMS Next 20 index as of September 21, 2026.Euronext

Per the Euronext product page for OCI N.V., the company recommended the unsolicited all-cash offer at EUR 4.10 per share in an announcement dated July 1, 2026, underscoring how the current trading level around EUR 4.11 now sits essentially flat, just EUR 0.01 above the offer price.Euronext

Regulatory and governance backdrop

The take-private process follows a January 2026 decision by the Enterprise Chamber of the Amsterdam Court of Appeal, which froze the vote of OCI shareholders and appointed two independent directors with powers to block the merger, citing a conflict of interest because Sawiris controls both OCI and Orascom Construction.Billionaires Africa

The court-appointed directors have since consented to allowing an EGM on the merger, but only on the condition that NNS first settles its offer, meaning the Orascom combination cannot complete until OCI minority shareholders have been bought out and the cash consideration paid.EnterpriseAM

Stock closing level and investor angle

For investors, the key takeaway on September 21, 2026 is that OCI stock at EUR 4.11 on Euronext Amsterdam is trading effectively in line with the EUR 4.10 cash offer from NNS Holding, leaving limited upside from the current market price to the proposed take-private level and shifting attention to deal execution risks and timing.