#Cyprus #Limassol #OCI Global #NNS Holding #Rembrandt II

NNS Reaffirms Ongoing Support for Rembrandt II Project

In a significant corporate development, NNS Holding (Cyprus) Limited, widely known as NNS, has reiterated its commitment to the Rembrandt II project, a strategic merger between OCI Global N.V. and Orascom Construction PLC. This merger is considered pivotal for the future direction and growth of both companies involved in the construction and public infrastructure sectors.

Overview of the Proposed Merger

On July 2, 2026, OCI publicly announced that it had received backing from directors appointed by the Chamber of Commerce to convene an extraordinary general meeting. This meeting is set to discuss and vote on the crucial resolutions required to advance the proposed merger between OCI and Orascom Construction, referred to as Rembrandt II. The support from NNS is particularly noteworthy as it illustrates the firm’s strategic interests and its ongoing involvement as the largest shareholder of OCI. Such engagement reinforces the collaborative effort toward achieving synergies and operational efficiencies from the merger.

Company Background

Founded in 2008 by Nassef Sawiris, NNS is a private investment firm based in Limassol, Cyprus. The company operates as a limited liability entity and manages a diversified portfolio encompassing public and private equity, credit, and real estate investments. In addition to its internal management, NNS often collaborates with external investors for joint ventures, showcasing a strategic approach towards broader market participation and capital management.

As the principal shareholder of OCI, NNS plays a vital role in influencing the governance and strategic direction of OCI, ensuring that shareholder interests align with long-term company objectives.

Implications of the Merger

The integration of OCI and Orascom Construction is expected to create a formidable entity within the construction industry, equipped to tackle more significant projects and enhance operational capabilities. Both companies have strong operational histories and substantial market presence, which post-merger, could lead to a push for innovation and leadership in the construction sector. The anticipated voting at the extraordinary meeting is a crucial step in solidifying this trajectory.

Announcement Restrictions and Risks

NNS has made it clear that this announcement is informational and should not be interpreted as an offer to buy or sell securities of OCI. The company emphasizes compliance with legal requirements regarding the distribution of such communications, particularly in jurisdictions where such disclosures may contravene local laws. Also, the announcement contains forward-looking statements that carry certain risks and uncertainties. These declarations are based on current expectations and beliefs, which may change due to various factors, including regulatory approvals and market conditions.

Looking Forward

As the world navigates the complexities of the economic landscape, corporate formations like Rembrandt II will be essential for companies aiming to sustain competitive advantages. Shareholders and stakeholders are advised to stay tuned for further updates as NNS continues to support this key initiative. The anticipated general meeting will serve as a platform for demonstrating stakeholder confidence in the merger, paving the way for sustainable growth and operational success.

Conclusion

NNS’s ongoing backing of the Rembrandt II project signifies a strategic move toward enhancing shareholder value and positioning the combined entity for future growth within the construction industry. As the voting date approaches, stakeholders are advised to engage with their insights and expectations concerning this significant corporate transition.

For more information, stakeholders can visit the official NNS website at NNS Holding. All relevant press releases and updates regarding the merger process and corporate actions will be available there.