OCI Concludes Transaction With the IFC
(firmenpresse) - CAIRO, EGYPT -- (Marketwire) -- 12/14/11 --
OCI Concludes Transaction with the International Finance Corporation
Orascom Construction Industries (OCI) announced today its intention to
transfer 1,149,425 (one million one hundred forty-nine thousand four
hundred twenty-five) Global Depositary Receipts (GDRs) listed on the
London Stock Exchange (LSE) to International Finance Corporation (IFC)
as part of a debt and equity investment package announced on 30 July
2011.
The GDRs will be transferred at a price of US$ 43.50 per GDR and the
transfer will be effected upon timely satisfaction of all conditions
precedent and conclusion of the required legal procedures.
About Orascom Construction Industries
OCI is one of Egypt's largest corporations employing more than 84,000
people in 35 countries around the globe. The OCI Fertilizer Group owns
and operates nitrogen fertilizer plants in Egypt, the Netherlands, the
United States, and Algeria and has an international distribution
platform spanning from the Americas to Asia. The OCI Fertilizer Group
ranks among the world's top fertilizer producers with a production
capacity which will exceed 7.0 million metric tons in 2012. The OCI
Construction Group provides international engineering and construction
services primarily on infrastructure, industrial and high-end
commercial projects in Europe, the Middle East and North Africa for
public and private clients. The OCI Construction Group ranks among the
world's top global contractors.
END
For additional information contact:
OCI Investor Relations Department:
Omar Darwazah
Email:
Erika Wakid
Email:
Hassan Badrawi
Director
Tel: +202 2461 1036/0727/0917
Fax: +202 2461 9409
For additional information on OCI:
OCI stock symbols: OCIC.CA / OCIC EY
/OCICqL / ORSD / ORSCY
Orascom Construction Industries (OCI)
Nile City Towers - South Tower
2005A Corniche El Nil
Cairo, Egypt
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Datum: 14.12.2011 - 07:50 Uhr
Sprache: Deutsch
News-ID 1065919
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contact information:
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Town:
CAIRO, EGYPT
Phone:
Kategorie:
Construction
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"OCI Concludes Transaction With the IFC
"
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