OCI schedules October 30 vote: NNS offers EUR 4.10 for OCI stock

Published on 10/18/2026 at 13:51 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

H1 profit fell to USD 1 million from USD 343 million in H1 2025. The EUR 4.10 cash offer and October 30 vote frame OCI stock.

Offer and shareholder decision

On September 15, 2026, NNS opened a EUR 4.10 cash offer for OCI shares.
OCI reported USD 1 million in net profit attributable to shareholders for H1 2026.
The extraordinary shareholder meeting is scheduled for October 30, 2026.

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OCI (ISIN NL0010558797) has set an October 30, 2026, extraordinary meeting to vote on its proposed combination with Orascom Construction. In its September 28, 2026, results release, OCI said shareholders would also consider the EUR 4.10-per-share cash offer from NNS Holding and the proposed sale of OCI Nitrogen.

Offer terms set the decision

NNS opened its recommended public cash offer on September 15, 2026, with a scheduled deadline of November 17, 2026, at 5:40 p.m. CET. The offer provides a cash alternative while shareholders also weigh participation in the Orascom Construction combination, according to OCI.

The structure leaves investors with two separate milestones. The October 30 vote concerns the proposed transactions, while the November 17 deadline concerns the tender period for the cash offer.

Three dated transaction milestones

On June 1, 2026, OCI agreed to sell an initial 50 percent interest in OCI Nitrogen to AGROFERT, with completion expected in the second half of 2027. On September 15, 2026, NNS opened its EUR 4.10-per-share offer. On October 7, 2026, the Amsterdam Enterprise Chamber rejected an investigation request linked to OCI, as reported by Boerse Express.

What does the offer mean for OCI?

The transaction timetable contrasts with a sharp earnings decline. OCI reported net profit attributable to shareholders of USD 1 million for H1 2026, down from USD 343 million in H1 2025, while OCI Nitrogen revenue fell to USD 534 million from USD 566 million. Operating profit in that segment nevertheless improved to USD 53 million from a USD 21 million loss, according to the September 28 results release from OCI.

Dates shape the next decisions

The next substantiated corporate date is October 30, 2026, when shareholders will discuss the offer and vote on the proposed combination. The offer period is scheduled to end on November 17, 2026, unless extended.

Stock context for investors

OCI's latest reported figures show why the shareholder vote carries both transaction and operating significance. The company also reported held-for-sale net cash of USD 1.05 billion as of June 30, 2026, compared with USD 695 million as of March 31, 2026.

The latest dated euro quotation cited for OCI was EUR 4.13 on October 16, 2026, at Euronext Amsterdam. The offer price and the operating figures therefore remain the clearest dated reference points for assessing the upcoming shareholder decision.