Egypt launches youth initiative to train next generation of agricultural innovators    Egyptian Golf Federation appoints Stuart Clayton as technical director    Afreximbank establishes African Trade Centre in Egypt's New Capital    GAFI, Emirates NBD sign MoU to promote investment in Egypt    Public Enterprises Ministry prioritises support for pharmaceutical affiliates: El-Shimy    Egypt discusses Trump peace plan phase two and Gaza force at UAE forum    Winter storm compounds Gaza humanitarian crisis amid Israeli strikes, diplomatic efforts    AI-driven transformation demands secure digital infrastructure, modern legislation: CBE governor    Egypt explores opportunities to boost environmental investment in natural reserves    Over 65.6 million visits recorded under women's health initiative since 2019    Egypt's external debt reaches $161.2bn in June 2025: CBE    4th Egyptian Women Summit kicks off with focus on STEM, AI    Egypt's PM reviews major healthcare expansion plan with Nile Medical City    UN rejects Israeli claim of 'new Gaza border' as humanitarian crisis worsens    Egypt's Cabinet approves development of Nasser Institute into world-class medical hub    UNESCO adds Egyptian Koshari to intangible cultural heritage list    Egyptian Cabinet prepares new data law and stricter fines to combat misinformation    UNESCO adds Egypt's national dish Koshary to intangible cultural heritage list    Egypt calls for inclusive Nile Basin dialogue, warns against 'hostile rhetoric'    Egypt joins Japan-backed UHC Knowledge Hub to advance national health reforms    Egypt recovers two ancient artefacts from Belgium    Egypt, Saudi nuclear authorities sign MoU to boost cooperation on nuclear safety    Giza master plan targets major hotel expansion to match Grand Egyptian Museum launch    Australia returns 17 rare ancient Egyptian artefacts    China invites Egypt to join African duty-free export scheme    Egypt calls for stronger Africa-Europe partnership at Luanda summit    Egypt begins 2nd round of parliamentary elections with 34.6m eligible voters    Egypt warns of erratic Ethiopian dam operations after sharp swings in Blue Nile flows    Egypt scraps parliamentary election results in 19 districts over violations    Filmmakers, experts to discuss teen mental health at Cairo festival panel    Egypt golf team reclaims Arab standing with silver; Omar Hisham Talaat congratulates team    Egypt launches Red Sea Open to boost tourism, international profile    Sisi expands national support fund to include diplomats who died on duty    Egypt's PM reviews efforts to remove Nile River encroachments    Egypt resolves dispute between top African sports bodies ahead of 2027 African Games    Germany among EU's priciest labour markets – official data    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



OCI NV Seizes 98.8% Of OCI's Shares Including Sawiris Family
Amwal Al Ghad Published in Amwal Al Ghad on 16 - 02 - 2013

As of the latest filings on 14 February 2013, OCI N.V. announced that the GDR holders holding a total of 156,542,609 GDRs (being 98.8% of Orascom Construction Industries' GDRs and representing 75.7% of total shares outstanding including the Sawiris Family and the Abraaj Group ) have accepted the offer to exchange their GDRs for OCI N.V. shares.
To enable holders of GDRs who have not yet accepted the Offer to tender their GDRs, such holders will be given the opportunity to tender their GDRs until 12 noon (New York time)/5 p.m. (London time) on 21 February 2013 (the “Revised Expiration Time"). Holders of GDRs who have not yet tendered their GDRs can tender their GDRs in the same manner and subject to the same conditions as described in the offer document issued by OCI N.V. on 18 January 2013 and available on the website of OCI N.V.
On 18 January 2013, OCI N.V. launched an exchange offer to acquire all of the outstanding Regulation S global depositary receipts (“GDRs") of Orascom Construction Industries S.A.E. in exchange for ordinary shares in OCI N.V. (the “Offer").
Trading of OCI N.V. shares on the NYSE Euronext in Amsterdam began on 25 January 2013. OCI N.V. has confirmed that the Offer is wholly-unconditional.

Clic here to read the story from its source.