Brief: OCI To Sell 50% Of OCI Nitrogen To Agrofert

Oci NV

01/06/2026 07:38

June 1 (Reuters) - OCI NV OCI.AS:
SALE OF 50% OF OCI NITROGEN TO AGROFERT
OCI WILL SELL 50% OF OCIN TO AGROFERT FOR A PURCHASE PRICE CONSIDERATION EQUAL TO 50% OF EUR 110 MILLION
COMPLETION OF INITIAL TRANSACTION IS EXPECTED BY H2 2027
FOLLOWING COMPLETION OF INITIAL TRANSACTION, AGROFERT WILL ASSUME OPERATIONAL CONTROL OF OCIN, INCLUDING MAJORITY BOARD REPRESENTATION
OCI WILL RETAIN A 50% ECONOMIC INTEREST TOGETHER WITH CUSTOMARY JOINT VENTURE PROTECTION RIGHTS
PUT/CALL OPTION FOR THE REMAINING 50% STAKE
Source text: Here for full press release
Further company coverage: OCI.AS

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