The proposed takeover, managed through the Limassol-based investment firm founded by Nassef Sawiris, is currently awaiting regulatory approval. NNS, already the largest shareholder in OCI, intends to proceed with the transaction as soon as possible. The offer is not subject to a minimum acceptance threshold, meaning the firm will acquire any number of shares validly tendered by investors, provided customary conditions regarding competition clearances and market stability are met.
In section Releases
NNS Holding files draft offer to acquire OCI Global for 4.10 euros per share
NNS Holding has submitted a draft offer memorandum to the Dutch Authority for the Financial Markets, signaling the start of its formal bid to acquire all outstanding shares of OCI Global. The all-cash proposal values each share at 4.10 euros, backed by the firm’s existing cash reserves.
While the offer is broad, the company has secured irrevocable non-tender agreements with members of the Sawiris family. These individuals have committed to withholding 19,167,618 shares—representing approximately 9.07% of OCI’s issued capital—from the tender process. The firm maintains that it has sufficient funds available to cover both the acquisition cost and related transaction expenses, with no reliance on external financing required for the deal.
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