OCI N.V.: 11.6 mln shares Request Swap and 1.4 mln shares Request Cash Alternative

By Yomna Yasser On Jul 17, 2013

OCI N.V. announced on Tuesday that as of the latest filings on 16 July 2013, 25.89% of Orascom Construction Industries (OCI S.A.E) (OCIC.CA) shareholders on the Egyptian Exchange have responded to the tender offer launched on 27 June 2013.

As it stands, 11,568,700 shares, representing 23.05% have elected to convert into OCI N.V.

A total of 1,424,973 shares, representing 2.84% of the offer size, have elected the cash offer.

The offer expires on 28 July 2013.

Egyptian Exchange Indices News OCI N.V.oci S.A.E.Orascom Construction Industries swap tender offer