OCI N.V. Seeks Regulatory Nod to buy Orascom Construction’s Remaining Shares

By Yomna Yasser On Aug 21, 2013

Egypt’s financial regulator – the Egyptian Financial Supervisory Authority (EFSA) announced on Wednesday that the legal advisor of OCI N.V. submitted a request seeking regulatory approval to allow the Dutch company to bid for shares owned by minor shareholders in Orascom Construction Industries S.A.E. (OCI S.A.E.).

The bid will be at the same price of the earlier one, as per OCI N.V. commitment as stated in the purchase offer endorsed by EFSA on June 25, 2013.