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Key Developments: Oci NV (OCI.AS)

OCI.AS on Amsterdam Stock Exchange

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25 May 2016
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Latest Key Developments (Source: Significant Developments)

OCI expects further deleveraging in 2017
Monday, 23 May 2016 02:36am EDT 

OCI NV : Q1 total volumes sold amounted to almost 2.0 million metric tons, a 26.4 pct increase compared to same period last year . Net debt stood at c.$4.6 billion as of March 31, 2016 . Expects lower net debt at end of 2016 compared to net debt of about $4.3 billion as of Dec. 31, 2015 . Selling prices decreased significantly compared to both Q1 and Q4 of 2015 .Expects further deleveraging in 2017.  Full Article

CF Industries terminates combination with OCI's European, North American and global distribution businesses
Monday, 23 May 2016 01:01am EDT 

Cf Industries Holdings Inc : Termination of proposed combination of cf industries with OCI's European, North American and global distribution businesses . Treasury announcement on april 4, 2016 materially reduced structural synergies of combination . Co unable to identify an alternative acceptable to both parties and, therefore, agreed to terminate combination .As contemplated in combination agreement, cf will pay oci $150 million in connection with termination.  Full Article

OCI and CF Industries announce termination proposed combination
Monday, 23 May 2016 01:01am EDT 

OCI NV : Termination of proposed combination of CF Industries with OCI's European, North American and global distribution businesses .CF will pay OCI $150 million in connection with termination.  Full Article

OCI and Consolidated Energy agree joint investment in Natgasoline
Tuesday, 12 Apr 2016 08:00pm EDT 

OCI NV:OCI and Consolidated Energy Limited enter into definitive agreements for joint investment in Natgasoline.Consolidated energy limited ('CEL') has entered into definitive agreements for an investment in a 50 pct stake in Natgasoline llc in participation with oci.CEL, which is owned by proman group and its long-term partner helm ag , will inject $630 million in equity and an additional $50 million shareholder loan.  Full Article

OCI to be removed from the Amsterdam AEX index
Tuesday, 8 Mar 2016 07:00pm EST 

Euronext NV:Announces yearly review of the AEX, AMX and AScX indices.ABN Amro and SBM Offshore to be included in the AEX index.Delta Lloyd and OCI to be removed from the AEX index.Delta Lloyd, Intertrust, OCI and Warehouses De Pauw to be included in the AMX index.Binckbank, Fagron and SBM Offshore to be removed from the AMX index.Binckbank, Fagron, Probiodrug and Van Lanschot to be included in the AScX index.Esperite and Holland Colours to be removed from the AScX index.Changes will be effective as of March 21, 2016.  Full Article

OCI and CF Industries committed to pursuing combination
Monday, 23 Nov 2015 12:55am EST 

OCI NV:CF Industries and OCI committed to pursuing combination.  Full Article

OCI NV and CF Industries announce expiration Hart-Scott-Rodino act waiting period
Tuesday, 3 Nov 2015 01:01am EST 

OCI NV:CF Industries Holdings Inc and OCI announce expiration of Hart-Scott-Rodino act waiting period.  Full Article

CF Industries Holdings Inc and OCI NV to create global nitrogen leader
Thursday, 6 Aug 2015 06:19am EDT 

CF Industries Holdings Inc and OCI N.V:Entered into a definitive agreement under which CF will combine with OCI's European, North American and Global Distribution businesses in a transaction valued at about $8 bln, based on CF's current share price, including assumption of about $2 bln in net debt.New CF will have an agreement to purchase a 45 percent interest in natgasoline for about $500 million in cash.Combined entity will purchase 45 percent interest plus an option to acquire the remaining interest in oci's natgasoline project in Texas.Says CF will become a subsidiary of a new holding company domiciled in the United Kingdom.CF expects to achieve about $500 million in after-tax annual run-rate synergies from optimization of operations.Says transaction is expected to increase cf's effective nitrogen capacity per share by 18 percent.CF shareholders would own about 72.3 percent of the new company and Oci would own about 27.7 percent.Expects to achieve about $500 million in after-tax annual run-rate synergies from optimization of operations, capital, corporate structure.Says initial board of the new corporation will have 10 directors, consisting of eight of cf's current directors.Entered agreement under which CF will combine with oci's European, North American and global distribution businesses.Oci to contribute European, n American and global distribution units to new co for shares equal to fixed 25.6 percent of new CF and $700 million.  Full Article

CF Industries Holdings Inc confirms discussions with OCI NV
Monday, 20 Jul 2015 02:30am EDT 

CF Industries Holdings Inc:Confirmed that it is in preliminary discussions with OCI NV regarding a potential combination involving certain of OCI's businesses.Says there can be no assurances that these discussions will result in any transaction.Says CF Industries does not intend to comment further at this stage and any further statements will be made if and when appropriate.  Full Article

OCI reaches agreement to acquire BioMCN in Netherlands
Thursday, 11 Jun 2015 10:00am EDT 

OCI NV:Has reached agreement to acquire BioMCN, a methanol producer in Netherlands, for 15 million euros.  Full Article

Fertilizer maker CF Industries, OCI end merger deal

U.S. fertilizer maker CF Industries Holdings Inc and Dutch rival OCI NV ended their merger agreement on Monday, following the U.S. Treasury's steps to curb tax avoiding inversion deals.