Brief: Oci Global To Sell Clean Ammonia Project In Texas To Woodside Energy

OCI

05/08/2024 07:34

Aug 5 (Reuters) - OCI NV  OCI.AS :
    * OCI GLOBAL ANNOUNCES AGREEMENT FOR SALE OF ITS CLEAN
AMMONIA
PROJECT IN BEAUMONT, TEXAS TO WOODSIDE ENERGY
    * PURCHASE PRICE CONSIDERATION OF USD 2.35 BILLION ON A
CASH-FREE,
DEBT-FREE BASIS ("PURCHASE PRICE").
    * EXPECTED TO CLOSE LATER THIS YEAR.
    * UNDER PROPOSED TRANSACTION, WOODSIDE WILL ACQUIRE 100% OF
EQUITY
INTERESTS IN OCI CLEAN AMMONIA.
    * WOODSIDE WILL PAY 80% OF PURCHASE PRICE TO OCI AT CLOSING
OF
TRANSACTION
    * TRANSACTION IS EXPECTED TO CLOSE IN H2 2024

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