OCI Global Announces Agreement for the Sale of IFCO to Koch

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OCI Global ("OCI") has entered into a binding equity purchase agreement for the sale of 100% of its equity interests in Iowa Fertilizer Company LLC ("IFCO") to Koch Ag & Energy Solutions ("KAES")Purchase price consideration of USD 3.6 billion on a cash free debt free basis following a competitive processMarks a significant milestone in OCI's strategy to unlock value for shareholdersProceeds from this transaction will be used to significantly reduce holding company debt; a return of capital to shareholders will be considered within the context of OCI's capital returns framework and alongside future investment in decarbonisation growth opportunitiesView original content:https://www.prnewswire.co.uk/news-releases/oci-global-announces-agreement-for-the-sale-of-ifco-to-koch-302017628.html