Brief: Adnoc To Close Acquisition Of Controlling Stake In Fertiglobe

OCI

11/10/2024 06:59

Oct 11 (Reuters) - ABU DHABI NATIONAL OIL CO  ADNOC.UL :
    * ADNOC TO CLOSE ACQUISITION OF CONTROLLING STAKE IN
FERTIGLOBE
    * ACQUISITION OF OCI'S 50% + 1 SHARE STAKE IN FERTIGLOBE
RECEIVED
ALL REQUIRED APPROVALS
    * DEAL EXPECTED TO CLOSE ON OCTOBER 15, 2024
    * AHEAD OF CLOSING, A BLOCK TRADE WILL BE INITIATED ON ADX
ON
OCTOBER 11
    * BLOCK TRADE WILL BE SETTLE ON OCTOBER 15
    * POST TRANSACTION, ADNOC'S SHAREHOLDING IN FERTIGLOBE WILL
INCREASE TO 86.2%

Further company coverage:  ADNOC.UL 

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