OCI to Close Divestment of Controlling Stake in Fertiglobe

AMSTERDAM,Oct. 11, 2024/PRNewswire/ -- OCI Global (Euronext: OCI) ("OCI") today announced that the divestment of OCI's 50% + 1 share stake in Fertiglobe (ADX: FERTIGLB) ("Fertiglobe") to Abu Dhabi National Oil Company P.J.S.C. ("ADNOC") disclosed inDecember 2023, has received all required approvals and is expected to close on Tuesday15 October 2024.

Ahead of closing, a block trade will be initiated today,11 October 2024and is expected to settle on Tuesday15 October 2024.

Following the completion of the transaction, ADNOC's shareholding in Fertiglobe will increase to 86.2% while the free float traded on the Abu Dhabi Securities Exchange (ADX) will remain at 13.8%.

Contact Details:

Sarah Rajani CFA, Vice President Investor Relations& Communications

Email:sarah.rajani@oci-global.com 

Learn more about OCI atwww.oci-global.com. You can also follow OCI onLinkedIn.

SOURCE OCI Global