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BRIEF-OCI Global Announces Agreement For The Sale Of Its Global Methanol Business To Methanex For Usd 2.05 Billion
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BRIEF-OCI Global Announces Agreement For The Sale Of Its Global Methanol Business To Methanex For Usd 2.05 Billion
Sep 8, 2024 7:10 PM

Sept 8 (Reuters) - OCI NV:

* OCI GLOBAL ANNOUNCES AGREEMENT FOR THE SALE OF ITS GLOBAL

METHANOL BUSINESS TO METHANEX

* OCI NV - DEAL VALUED AT USD 2.05 BILLION ON CASH-FREE AND

DEBT-FREE BASIS

* OCI NV - PAYMENT INCLUDES USD 1.15 BILLION CASH AND 9.9

MILLION

METHANEX SHARES

* OCI NV - TO BECOME 13% SHAREHOLDER IN METHANEX

POST-TRANSACTION

* OCI NV: METHANEX WILL ACQUIRE 100% OF EQUITY INTERESTS IN

OCI

METHANOL, COMPRISING 100% OF OCI'S US AND EUROPEAN METHANOL

ASSETS RESPECTIVELY

* OCI NV - PROCEEDS TO BE CONSIDERED ALONGSIDE OTHER OCI

DIVESTITURES

* OCI NV - DIVESTITURES EXPECTED TO GENERATE USD 11.6

BILLION

GROSS PROCEEDS FOR OCI

Source text for Eikon:

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