OCI slips, divestment update underwhelms analysts

Oci NV

14/03/2025 08:56

** Shares in Dutch chemicals maker OCI OCI.AS slip around 2%, with analysts noting lack of convincing update on its divestments in the second-half results

** "FY24 numbers are not that relevant anymore as most assets are sold or being sold," Degroof Petercam says

** "Although another USD 1bn capital return has been announced, there is still uncertainty on what OCI will do with the rest of the proceeds on the sale of the assets," it says

** OCI's corporate cost levels do not yet reflect the reduced scope of its operations, ING says

** While the group's outlook cites positive pricing at the start of the year, no new information was given regarding disposals, capital expenditure, returns and reinvestments, Jefferies says

 (Reporting by Alessandro Parodi)

 ((alessandro.parodi@thomsonreuters.com))