OCI-Abraaj Capital Deal, News Alert

OCI Announces Agreement With Abraaj Capital Orascom Construction Industries (OCI) announced today that it has signed an agreement with UAE's based Abraaj Capital, which has agreed to merge its fertilizer production operations under OCI for a combined cash and shares equity consideration of approximately USD1.59 billion. OCI will also assume USD1.1 billion in net debt. A total of USD874.5 million in cash will be paid by OCI and approximately 12.77 million new OCI shares will be issued in a capital increase to Abraaj subject to approval by OCI shareholders in an Extraordinary General Meeting.
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OCI Abraaj Capital Deal-21 Feb. 08.pdf40.66 KB
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