OCI Shareholders Approve Orascom Construction Merger at EGM

OCI N.V., the Amsterdam-listed nitrogen fertilizer and methanol producer, announced Thursday that shareholders voted to approve all resolutions necessary to advance a proposed business combination with Orascom Construction PLC, marking a significant milestone in consolidating two companies with shared heritage under the Sawiris family business empire.

The approvals were secured at an extraordinary general meeting, or EGM, convening shareholders with authority to authorize the structural steps required for the transaction. OCI also released an updated indicative timetable alongside the announcement, signaling that the deal's timeline has been revised as the parties move toward closing.

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The combination would bring together OCI's chemicals and fertilizer operations — which span plants in the Netherlands, the United States, and the Middle East — with Orascom Construction's engineering and construction business, which is separately listed and operates across similar geographies. The strategic rationale centers on operational synergies and a broader restructuring of the two entities' corporate structures.

Shareholder approvals at EGMs are a prerequisite under Dutch corporate law and Euronext Amsterdam listing rules before a company can execute certain material transactions, including mergers or significant asset transfers. The updated timetable disclosed Thursday provides investors and counterparties with revised guidance on when subsequent steps, including regulatory clearances and final closing, are expected to occur.

Full details of the approved resolutions and the revised indicative schedule were made available to the market concurrent with Thursday's announcement. Continue reading at All Financial Services & Investing.