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Orascom Construction Lays Out Timeline for OCI Merger Completion

MT Newswires·11/01/2026 23:38:36
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11:38 PM EST, 11/01/2026 (MT Newswires) -- Orascom Construction (ADX:ORAS) expects its planned merger with Dutch fertilizers and industrial chemicals company OCI (OCI.AS) to take effect in December, subject to regulatory approvals. The engineering and construction contractor plans to issue 97,201,359 new shares to OCI and list them on the Abu Dhabi Securities Exchange on Nov. 24, after board approval on Thursday, according to a Sunday release. The new shares will be credited to eligible OCI shareholder accounts on or around Dec. 8.