#Cyprus #Limassol #OCI Global #Share Acquisition #NNS Holding

NNS Holding Advances Acquisition Bid for OCI

NNS Holding (Cyprus) Limited has recently revealed plans for a voluntary public offer aimed at acquiring shares from OCI Global N.V. This announcement is part of a structured proposal submitted under Dutch law directives. The offer proposes a price of €4.10 per share, comprising both dividends and the principal share value. Notably, this offer does not constitute a finalized purchase agreement; rather, it sets the stage for negotiations that will be contingent upon regulatory approvals.

As part of the financial structure for this acquisition, NNS asserts that its existing cash resources are ample to cover the offer and related expenses. This financial backing positions NNS to proceed with the transaction without relying on external funding sources. The company has made a strong commitment to executing this purchase as soon as feasibly possible.

Conditions of the Offer

The proposed acquisition by NNS is subject to several standard conditions that must be met before it can transition to an unconditional state. These conditions include:
1. The necessary competition clearances must be acquired.
2. Absence of notifications from the Dutch Authority for Financial Markets (AFM) that could hinder investment firms’ involvement.
3. No governmental mandates should exist that would obstruct the completion of the offer.
4. Trading of OCI shares on Euronext Amsterdam must remain unsuspended.

Significantly, the acquisition does not have a minimum acceptance threshold. This means that shares will be accepted regardless of the amount offered, allowing for broader participation, provided that all other conditions are satisfied or waived.

Shareholder Agreements

NNS has entered into irrevocable commitments with select family members of the Sawiris dynasty, who are known stakeholders in OCI. Collectively, these shareholders own 19,167,618 shares, totaling approximately 9.07% of OCI’s issued capital. Under the terms of these agreements, the Sawiris family members have pledged not to offer or transfer their shares during the acquisition period, reinforcing NNS’s control and signaling confidence in the offer’s success.

About NNS Holding

NNS Holding is part of a private group established by Nassef Sawiris in 2008. Based in Limassol, Cyprus, NNS specializes in managing and investing family capital across a diverse asset portfolio, which includes both public and private equities, credit, and real estate. They also engage in joint ventures alongside external investors. As the largest shareholder of OCI, NNS demonstrates a significant commitment to this acquisition strategy.

For further information, NNS has made it clear that all related press releases and documentation regarding this offer are available on their website, helping to ensure that stakeholders remain informed on the evolving situation.

This statement aims to provide necessary transparency, clarifying that it is merely an informational release without investment advice. It is essential for stakeholders to consult with a financial advisor for any personal inquiries regarding share acquisition positions.

Future Prospects

While NNS remains optimistic about the bid's outcome, potential risks must be taken into account. These include the timely acquisition of regulatory approvals, unexpected expenses, or legal challenges that may arise. The conditions laid out emphasize a sustainable approach to growth through strategic acquisition, which can potentially shape the future dynamics of OCI and its operations in the market.

This bid represents a crucial step in the ongoing development of both NNS and OCI, and it underscores the importance of thoughtful planning and compliance in corporate acquisitions.