OCI Global Completes Sale of Majority Stake in Fertiglobe to ADNOC

OCI Global United Kingdom United States of America France Germany Spain Netherlands

OCI Global announces successful completion of the sale of its 50% equity interest in Fertiglobe to Abu Dhabi National Oil CompanyThe transaction was valued at USD 3.62 billion on a cash-free debt-free basis (the "Purchase Price") and allows OCI to fully exit and monetize its entire equity stake in FertiglobeThe closing marks a significant milestone in OCI's strategy to unlock value for shareholdersMr. Ahmed El-Hoshy is re-appointed Chief Executive Officer of Fertiglobe effective 15 October 2024View original content:https://www.prnewswire.co.uk/news-releases/oci-global-completes-sale-of-majority-stake-in-fertiglobe-to-adnoc-302276427.html