OCI Shareholders Approve Orascom Construction Merger at EGM

OCI N.V., the Amsterdam-listed nitrogen fertilizer and chemicals producer, announced Thursday that shareholders voted in favor of all resolutions required to advance a proposed business combination with Orascom Construction PLC, following an extraordinary general meeting held in the Netherlands.

The vote clears a critical procedural hurdle for the deal, which would bring together two companies with deep roots in the Sawiris family's industrial empire. OCI trades on Euronext Amsterdam under the ticker OCI, while Orascom Construction is separately listed and operates as a major engineering and construction contractor with projects spanning the Middle East, Africa, and the United States.

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Alongside the EGM approval, OCI released an updated indicative timetable for completing the transaction, signaling the companies are moving toward finalizing the combination. The revised schedule suggests management is working to close the deal within a defined near-term window, though specific milestone dates were not detailed in the initial announcement.

Shareholder approval at an EGM is a standard but consequential step in European corporate mergers, as it reflects investor confidence in the strategic rationale behind consolidating the two entities. Analysts have noted that combining OCI's chemicals and fertilizer operations with Orascom Construction's engineering footprint could yield operational synergies and streamline the broader corporate structure that has long linked the two firms.

Further regulatory and procedural steps are expected before the transaction reaches completion. Continue reading at All Financial Services & Investing.