The correspondence, dated between September 18 and October 1, highlights three specific areas of concern raised by the VEB. The association is scrutinizing the waiver provision currently applicable to tendering shareholders, the technical arrangements surrounding Dutch dividend withholding tax, and the remaining conditions required to finalize the OCI and Orascom Construction transaction. By publishing these documents, OCI aims to address shareholder questions regarding the structural integrity of the pending deal. The company maintains that providing this documentation is part of its commitment to keeping investors informed as the transaction moves toward its closing phase.
OCI Global discloses investor correspondence over Orascom transaction
The Dutch association for retail investors, VEB, has formally challenged key provisions of OCI Global’s proposed deal with Orascom Construction. The dispute centers on specific regulatory mechanics within the NNS offer memorandum, prompting OCI to release the exchange of letters to ensure transparency for its shareholders ahead of the deal’s completion.
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