The offer period begins September 15, 2026, and is scheduled to run through November 17, 2026. NNS, already the majority shareholder with approximately 57.32% of OCI capital, initiated the bid to resolve the impasse surrounding the Rembrandt II transaction—a proposed combination between OCI and Orascom Construction. While OCI’s board previously recommended the offer, the process was prompted by investor concerns over the lack of a cash exit option for those unwilling to participate in the Orascom merger.
NNS Launches Voluntary Cash Offer for OCI Shares
NNS Holding has officially launched a voluntary all-cash public offer for all outstanding shares of OCI N.V., setting an offer price of 4.10 euros per share. The move follows months of deadlock regarding the company’s proposed restructuring, aiming to provide shareholders with a guaranteed exit route before potential business changes.
NNS has secured irrevocable non-tender agreements from members of the Sawiris family, covering roughly 9.07% of the company's shares. The offer is not subject to a minimum acceptance threshold, and NNS intends to proceed with the acquisition regardless of the total volume tendered. Should NNS secure 95% or more of the shares, the firm may pursue a statutory buy-out, which could lead to the delisting of OCI from Euronext Amsterdam. An extraordinary general meeting to discuss the offer is expected to take place in late October 2026, with the transaction closing anticipated in the fourth quarter.
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