OCI Shareholders Approve Merger With Orascom Construction

OCI N.V., the Amsterdam-listed nitrogen fertilizer and methanol producer, said Thursday its shareholders have voted to approve all resolutions tied to a proposed business combination with Orascom Construction PLC, clearing a critical procedural milestone for the deal.

The vote was held at an extraordinary general meeting convened specifically to address the transaction. The approval grants management the authority to proceed with the structural steps necessary to complete the merger, which pairs OCI's chemicals operations with Orascom Construction's engineering and contracting business.

Alongside the shareholder approval, OCI released an updated indicative timetable for the combination, signaling that the two companies remain on track to finalize the transaction according to a revised schedule. The company did not disclose the specific revised dates in the announcement excerpt, but the publication of a new timeline suggests execution is advancing through regulatory and administrative channels.

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OCI trades on Euronext Amsterdam under the ticker OCI. Orascom Construction PLC is a separate publicly listed entity, and the combination would consolidate two businesses with roots in the broader Sawiris family industrial network, though the announcement did not address ownership or governance structure of the combined entity.

The transaction remains subject to any remaining closing conditions outlined in the full combination agreement. Investors and market participants awaiting further detail on timing and structure can reference the company's official disclosures.

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