Brief: OCI Global Announces Agreement For The Sale Of Its Global Methanol Business To Methanex For Usd 2.05 Billion

Methanex

09/09/2024 02:10

Sept 8 (Reuters) - OCI NV  OCI.AS :
    * OCI GLOBAL ANNOUNCES AGREEMENT FOR THE SALE OF ITS GLOBAL
METHANOL BUSINESS TO METHANEX
    * OCI NV - DEAL VALUED AT USD 2.05 BILLION ON CASH-FREE AND
DEBT-FREE BASIS
    * OCI NV - PAYMENT INCLUDES USD 1.15 BILLION CASH AND 9.9
MILLION
METHANEX SHARES
    * OCI NV - TO BECOME 13% SHAREHOLDER IN METHANEX
POST-TRANSACTION
    * OCI NV: METHANEX WILL ACQUIRE 100% OF EQUITY INTERESTS IN
OCI
METHANOL, COMPRISING 100% OF OCI'S US AND EUROPEAN METHANOL
ASSETS RESPECTIVELY
    * OCI NV - PROCEEDS TO BE CONSIDERED ALONGSIDE OTHER OCI
DIVESTITURES
    * OCI NV - DIVESTITURES EXPECTED TO GENERATE USD 11.6
BILLION
GROSS PROCEEDS FOR OCI

Source text for Eikon:  ID:nCNWQV3fja 
Further company coverage:  OCI.AS 

 ((Reuters.Briefs@thomsonreuters.com;))