The OCI board, excluding Nassef and Nadia Sawiris, has spent weeks evaluating the proposal against alternative paths, including a potential solvent wind-down. While management maintains that the Orascom Construction deal remains a compelling outcome for stakeholders, they acknowledge the clear preference among some shareholders for a cash exit. To bridge these conflicting interests, the board is advocating for a dual approach: supporting the EUR 4.10 cash offer while simultaneously pushing to preserve the combination with Orascom Construction.
OCI Global receives EUR 4.10 per share cash offer from NNS
NNS Holding has launched an unsolicited voluntary cash offer of EUR 4.10 per share for OCI Global, aiming to resolve a long-standing deadlock over the company’s proposed merger with Orascom Construction. The move forces a critical decision for OCI’s board as it balances investor exit demands against its original strategic roadmap.
The path forward remains complicated by the Enterprise Court appointed members, who have yet to signal their support for the offer or consent to the necessary Extraordinary General Meeting required to finalize the Orascom transaction. The board now awaits their decision to break the impasse that has frozen the Orascom deal since January 2026, when the vote was pulled from the agenda following a court-ordered delay.
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