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OCI NV (OCI.AS)

OCI.AS on Amsterdam Stock Exchange

19.81EUR
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Latest Key Developments (Source: Significant Developments)

Oci H1 EBITDA up 40.3 pct at $498 mln
Tuesday, 6 Sep 2016 02:37am EDT 

Oci NV : H1 revenue decreased 14.6 pct to $982.0 million, mainly due to lower selling prices and lost revenue in the netherlands due to fire incident . H1 EBITDA increased 40.3 pct to $498.0 million, adjusted EBITDA decreased 25.8 pct to $291.5 million . H1 net income more than doubled to $218.4 million, adjusted net income decreased 65.5 pct to $45.1 million . Net debt $4.3 billion as of June 30, 2016, down from $4.6 billion as of March 31, 2016 . Says Greenfield initiatives are on track to boost our current production capacity by 50 pct by end-2017 . "Methanol prices already started improving in recent months and demand remains strong, supporting a promising outlook for our methanol operations" - CEO . May also seek disposal of non-core assets and/or seek partnerships in certain stakes to accelerate the strengthening of our balance sheet . Objective to achieve investment grade ratings by 2018/2019 .Starting 2017, expects to enter a phase of consolidation, where all operational cash flows from the step-up in product volumes will be used to deleverage the balance sheet.  Full Article

OCI receives further cash proceeds of $232 million
Friday, 26 Aug 2016 02:06am EDT 

OCI NV : Receives further cash proceeds of $232 million . Has sold and monetised its remaining outstanding shareholder loans of $169 million in Natgasoline . This transaction is in addition to the monetisation of over $300 million of shareholder loans to Natgasoline over the last few months, through the tax exempt bond issuance and the Natgasoline subscription agreement . Oci n.v.'s share of 2015 Sorfert dividends is $70 million of which it will receive $63 million net of withholding taxes .Total net proceeds to OCI of $232 million from the above-mentioned transactions, combined with the fund raisings and refinancing of OCI Nitrogen bring the total cash proceeds to OCI N.V. between May and August 2016 to more than $1.3 billion.  Full Article

OCI announces 550 million euros financing facilities for OCI Nitrogen
Friday, 19 Aug 2016 02:18am EDT 

Oci NV : Reported on Thursday that subsidiary OCI Nitrogen has successfully concluded the refinancing and upsizing of its outstanding debt with 550 million euros ($623.48 million)of term loans and revolving credit facilities .OCI Nitrogen intends to use the net proceeds to refinance 300 million euros of debt and provide the remaining proceeds to its parent company, OCI N.V.  Full Article

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

OCI to run new Iowa nitrogen plant at full capacity

NEW YORK Netherlands-based fertilizer producer OCI NV expects to run its new Iowa nitrogen plant at full capacity starting in June, and has no plans to slow down, even as new plants open across the United States and depress prices, the head of its Americas unit said on Thursday.