NNS Holding increases stake in OCI Global

The purchase represents roughly 0.19 percent of OCI’s issued share capital. NNS, the investment vehicle founded by Nassef Sawiris, stated that it aims to provide liquidity for shareholders looking to exit their positions, provided the acquisition price does not exceed the 4.10 EUR offer price set out in the ongoing voluntary public takeover bid. The highest price paid during the July 10 trading session reached 4.08 EUR per share.

Following these acquisitions, NNS and Nassef Sawiris collectively control 55.13 percent of the company’s capital. The firm noted that it may continue to purchase shares outside of the formal offer structure, depending on market conditions and regulatory permissions. All such future transactions will be disclosed in accordance with Dutch market regulations. The offer process remains subject to approval by the Netherlands Authority for the Financial Markets.