NNS Holding files draft offer to acquire OCI Global for 4.10 euros per share

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.

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.