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Brief: Orascom Construction And OCI Global Reach Deal To Combine To Create Global Infrastructure, Investment Platform

Dec 9 (Reuters) - ORASCOM CONSTRUCTION PLC ORAS.CA:

OC AND OCI GLOBAL ANNOUNCE AGREEMENT TO COMBINE TO CREATE A GLOBAL INFRASTRUCTURE AND INVESTMENT PLATFORM

EXCHANGE RATIO OF 0.4634 ORASCOM CONSTRUCTION SHARES PER OCI SHARE

NASSEF SAWIRIS WILL SERVE AS NON-EXECUTIVE CHAIR OF THE COMBINED ENTITY

UPON CLOSING, COMBINATION TO BE RENAMED “ORASCOM” WITH THREE COMPLEMENTARY STRATEGIC PILLARS

Further company coverage: ORAS.CA

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

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