OCI Shareholders Approve Orascom Construction Merger at EGM

OCI N.V., the Amsterdam-listed nitrogen fertilizer and methanol producer, announced Thursday that shareholders overwhelmingly approved all resolutions related to its proposed business combination with Orascom Construction PLC at an extraordinary general meeting. The vote clears a critical procedural hurdle for a deal that would bring together two companies with deep roots in the Sawiris family's industrial empire.

The company simultaneously released an updated indicative timetable for completing the transaction, signaling that the merger process is advancing toward its final stages. OCI trades on Euronext Amsterdam under the ticker OCI, while Orascom Construction is separately listed, making the combination a cross-exchange consolidation that requires careful coordination between regulatory and shareholder approval processes.

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The business combination, if completed as planned, would reshape the ownership and operational structure of both firms. OCI has been engaged in a broader strategic repositioning in recent years, having divested several assets, and the Orascom Construction merger represents a significant step in that ongoing transformation.

Shareholder approvals at extraordinary general meetings are a prerequisite under Dutch corporate law and exchange rules before such combinations can proceed to final closing steps. With the EGM vote now secured, attention shifts to the remaining conditions outlined in the revised timetable, including any necessary regulatory clearances.

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