CAIRO, EGYPT--(Marketwired - May 14, 2013) -
Cairo,Egypt / 14 May, 2013 9:00 AM OCI N.V. to Proceed with Filing Documentation to Complete Exchange Offer OCI N.V.'s subsidiary, Orascom Construction Industries (OCI), announced today that it has been advised by OCI N.V. of its intention to formally proceed with filing all necessary documentation with the relevant Egyptian authorities to complete the Company's tender offer for the ordinary shares of OCI listed on the Egyptian Stock Exchange (EGX). Pursuant to Chapter XII of Egypt's Capital Markets Law No. 95 of the year 1992, OCI N.V. will offer holders of OCI's outstanding ordinary shares listed on the EGX the option to exchange their shares for OCI N.V. shares, or, at the election of the relevant holder, a cash alternative of EGP 255 per share. The Company has signed extensions to the equity commitments made byparticipating US investors comprising Cascade Investment, L.L.C., Southeastern Asset Management, and Davis Selected Advisers to fund the cash alternative to shareholders. OCI remains committed to announcing further details related to the offer in due course. About OCI N.V.: OCI N.V. is a global nitrogen-based fertilizer producer and engineering& construction contractor based in the Netherlands. The Fertilizer Group owns and operates nitrogen fertilizer plants in the Netherlands, the United States, Egypt and Algeria and has an international distribution platform spanning from the Americas to Asia. The Fertilizer Group ranks among the world's top fertilizer producers with a fertilizer production capacity of nearly 7 million metric tons. The Construction Group provides international engineering and construction services primarily on infrastructure, industrial and high-end commercial projects in the United States, Europe, the Middle East, North Africa and Central Asia for public and private clients. The Construction Group ranks among the world's top global contractors. OCI N.V. employs more than 75,000 people in 35 countries around the globe and is listed on the NYSE Euronext in Amsterdam. For additional information contact: Investor Relations For additional information on OCI N.V.: Department: Omar Darwazah www.ocinv.nl Email: odarwazah@orascomci.co.uk Mijnweg 1, Erika Wakid 6167 AC Geleen, Email: The Netherlands ewakid@orascomci.co.uk Hassan Badrawi OCI N.V. stock symbols: OCI / OCI.NA / Director OCI.AS Tel: +202 2461 1036/0727/0917 Fax: +202 2461 9409 This information is provided by RNS The company news service from the London Stock Exchange END
Contact Information:
Contacts:
RNS
Customer
Services
0044-207797-4400
http://www.rns.com