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OCI NV (OCI.AS)

OCI.AS on Amsterdam Stock Exchange

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Latest Key Developments (Source: Significant Developments)

OCI Announces Close Of Strategic Partnership Agreement With ADNOC
Monday, 30 Sep 2019 

Sept 30 (Reuters) - OCI NV ::CLOSE OF STRATEGIC PARTNERSHIP AGREEMENT WITH ADNOC, ESTABLISHING FERTIGLOBE, A NEW GLOBAL NITROGEN FERTILIZER LEADER.COMBINED COMPANY FERTIGLOBE HAS OVER $1.7 BILLION OF ANNUAL REVENUES BASED ON 2018 PRO FORMA FIGURES..OCI WILL FULLY CONSOLIDATE THE COMBINED BUSINESS..  Full Article

OCI NV Says ADNOC To Combine Fertilizer Business Into Co's MENA Fertilizer Platform
Monday, 17 Jun 2019 

June 17 (Reuters) - OCI NV ::OCI N.V. AND ADNOC TO FORM JOINT VENTURE, CREATING NEW GLOBAL NITROGEN FERTILIZER LEADER.NEW JV TO BE THE LARGEST EXPORTER OF NITROGEN FERTILIZER GLOBALLY, AS WELL AS THE LARGEST PRODUCER IN MENA.PARTNERSHIP WILL SEE ADNOC COMBINE ITS FERTILIZER BUSINESS, ADNOC FERTILIZERS, INTO OCI’S MIDDLE EAST AND NORTH AFRICA (MENA) NITROGEN FERTILIZER PLATFORM TO FORM A NEW JV.OCI AND ADNOC WILL OWN A 58% AND 42% STAKE IN THE JV RESPECTIVELY.JV WILL HAVE A PRODUCTION CAPACITY OF 5 MILLION TONS OF UREA AND 1.5 MILLION TONS OF SELLABLE AMMONIA.ANNUAL REVENUES FOR THE COMBINED ENTITY ARE $1.74 BILLION, BASED ON 2018 PRO FORMA FIGURES.JV WILL BE BASED IN ABU DHABI, UNITED ARAB EMIRATES (UAE).JV WILL BE INCORPORATED IN THE EMIRATE’S INTERNATIONAL FINANCIAL CENTER, THE ABU DHABI GLOBAL MARKET (ADGM).SULTAN AHMED AL JABER, UAE MINISTER OF STATE AND CHIEF EXECUTIVE OFFICER (CEO) OF THE ADNOC GROUP, WILL BE CHAIRMAN OF BAORD OF NEW ENTITY.NASSEF SAWIRIS WILL ASSUME THE ROLE OF CEO OF THE JV, ALONGSIDE HIS CURRENT ROLE AS CEO OF OCI.TRANSACTION IS EXPECTED TO CLOSE IN THE THIRD QUARTER OF 2019, SUBJECT TO LEGAL AND REGULATORY CONDITIONS.  Full Article

OCI NV Issues Statement On Media Speculation Regarding Strategic Transaction With ADNOC
Friday, 14 Jun 2019 

June 14 (Reuters) - OCI NV ::OCI NV ISSUES STATEMENT ON MEDIA SPECULATION REGARDING STRATEGIC TRANSACTION WITH ADNOC.OCI NV - CONFIRMS IT IS IN DISCUSSIONS WITH ADNOC ON A POSSIBLE COOPERATION RELATING TO EACH COMPANY'S MENA FERTILIZER ASSETS.  Full Article

Oci NV Places Approximately 900 Million Dollars Of New Debt
Friday, 2 Nov 2018 

Nov 2 (Reuters) - OCI NV ::NATGASOLINE SUCCESSFULLY PLACES APPROXIMATELY $900 MILLION OF NEW DEBT AT MORE ATTRACTIVE TERMS THAN EXISTING FINANCING.TERM LOAN B IS PRICED AT LIBOR+350 BPS WITH MATURITY IN 2025.COUPON FOR TAX-EXEMPT BOND WAS PRICED AT 4.625%, WITH MATURITY IN 2031.A FINAL YIELD OF 4.72%.PROCEEDS TO BE USED TO REFINANCE EXISTING $252 MILLION OF TAX-EXEMPT BONDS ISSUED IN 2016.PROCEEDS ALSO TO BE USED TO REFINANCE EXISTING SHAREHOLDER AND CONTINGENCY LOANS AND TO FUND WORKING CAPITAL AND FINANCING COSTS.  Full Article

Oci NV Q2 Net Loss At $40 Million
Friday, 31 Aug 2018 

Aug 31 (Reuters) - OCI NV ::OWN-PRODUCED VOLUMES SOLD INCREASED 47% IN Q2 2018 TO A RECORD OF 2.5 MILLION METRIC TONS.NET LOSS OF $40 MILLION AND ADJUSTED NET PROFIT OF $3 MILLION IN Q2 2018.REVENUES INCREASED 43% TO $793 MILLION IN Q2 2018 COMPARED TO Q2 2017.EBITDA INCREASED 92% TO $215 MILLION IN Q2 2018.SAYS FREE CASH FLOW OF $133 MILLION DURING Q2 2018 COMPARED TO $50 MILLION IN Q2 2017.WE WILL ACHIEVE SIGNIFICANT EBITDA GROWTH AND FREE CASH FLOW GENERATION FROM THIS YEAR ONWARDS.SAYS CONTINUES TO BELIEVE THAT WE WILL ACHIEVE SIGNIFICANT EBITDA GROWTH AND FREE CASH FLOW GENERATION FROM THIS YEAR ONWARDS.WELL-POSITIONED TO ACHIEVE A HEALTHY TRAJECTORY FOR DELEVERAGING.SAYS WE NOW HAVE ONLY ONE GROWTH PROJECT REMAINING, OUR METHANOL EXPANSION AT BIOMCN IN THE NETHERLANDS,.  Full Article

OCI Announces Completion Of The Buyout And Delisting Of OCI Partners LP Common Units
Tuesday, 17 Jul 2018 

July 17 (Reuters) - OCI NV ::ANNOUNCES COMPLETION OF THE BUYOUT AND DELISTING OF OCI PARTNERS LP COMMON UNITS.  Full Article

OCI Says About 9.3 Million Common Units Of OCI Partners Accepted For Purchase
Wednesday, 4 Jul 2018 

July 4 (Reuters) - OCI NV ::APPROXIMATELY 9.3 MILLION COMMON UNITS OF OCI PARTNERS HAVE BEEN ACCEPTED FOR PURCHASE AND WILL EXERCISE BUYOUT RIGHT FOR REMAINING UNITS.  Full Article

OCI: Natgasoline Begins Production At Largest Methanol Facility In United States
Monday, 25 Jun 2018 

June 25 (Reuters) - OCI NV ::NATGASOLINE LLC BEGINS PRODUCTION AT LARGEST METHANOL FACILITY IN UNITED STATES.ANNOUNCED START OF COMMERCIAL METHANOL PRODUCTION AT THEIR 5,000-METRIC TON PER DAY, OR 1.8 MILLION METRIC TONS PER ANNUM, METHANOL PLANT IN BEAUMONT, TEXAS.  Full Article

OCI Partners CEO Found Co Should Take Actions To Initiate Offer To Buy Units Held By Public Unitholders
Monday, 4 Jun 2018 

June 4 (Reuters) - OCI NV ::OCI PARTNERS LP-ON MAY 24, OCI NV'S BOARD DISCUSSED WITH SENIOR MANAGEMENT THE ACQUISITION OF MINORITY INTERESTS HELD BY THIRD PARTIES IN OCI NV'S UNITS.OCI PARTNERS - ON JUNE 1, CEO OF OCI NV FOUND OCI NV SHOULD TAKE ACTIONS TO INITIATE TENDER OFFER TO BUY ALL UNITS OF CO HELD BY PUBLIC UNITHOLDERS.OCI PARTNERS - AFTER COMMUNICATION WITH OCI NV BOARD, CEO OF OCI NV, APPROVED ON BEHALF OF OCI NV, COMMENCEMENT OF TENDER OFFER BY OCI NV - SEC FILING.  Full Article

OCI Forms N-7 Joint Marketing Venture In North America With Dakota Gasification Company
Monday, 21 May 2018 

May 21 (Reuters) - OCI NV ::FORMS N-7 JOINT MARKETING VENTURE IN NORTH AMERICA WITH DAKOTA GASIFICATION COMPANY.OCI NV <<>> - JV TO MARKET AND DISTRIBUTE OVER 4.5 MLN METRIC TONS OF PRODUCT FROM IOWA FERTILIZER COMPANY, OCI PARTNERS IN TEXAS AND DGC’S BEULAH FACILITY IN NORTH DAKOTA.IN ADDITION, N-7 WILL MARKET ANY IMPORTED PRODUCT FROM OCI’S OPERATIONS OUTSIDE NORTH AMERICA.  Full Article