The acquisition marks another step in the voluntary public offer initiated by NNS, a private investment group founded by Nassef Sawiris. Following the latest purchase, NNS and Sawiris combined now control 117,568,454 shares, representing 55.63 percent of OCI. The firm noted that it may continue to acquire shares outside of the formal offer structure, provided such actions comply with Dutch financial regulations and are disclosed accordingly.
NNS Holding Increases Stake in OCI Global
NNS Holding (Cyprus) Limited has purchased an additional 420,730 shares of OCI Global N.V., continuing its push for control over the chemicals company. The July 17 transaction, executed at an average price of 4.0760 euros per share, brings the firm’s total stake to approximately 55.44 percent of the company's issued capital.
Transactions were finalized at a maximum price of 4.078 euros per share. While NNS remains the primary shareholder, the company emphasized that this disclosure is provided under the Netherlands Decree on Public Takeover Bids and does not represent an official solicitation of securities. Investors are directed to the forthcoming Offer Memorandum, which remains subject to approval by the Dutch Authority for the Financial Markets.
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