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Provider: Reuters Investment Profile
Provider: Thomson Reuters StreetEvents
Provider: Thomson Reuters StreetEvents
Provider: Wright Reports

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Oci NV to Meet Government Authorities Regarding Charges by Sale of Orascom Building-Reuters

Wednesday, 6 Mar 2013 09:57am EST 

Reuters reported that Oci NV announced that the Company will meet government authorities to discuss charges it evaded taxes. The investigation is into charges the Company failed to pay some EGP 14 billion (USD 2.1 billion) of taxes on the sale of Orascom Building, an OCI subsidiary, to French firm Lafarge. The statement did not specify the figure the authorities were claiming. Previously, the Company said it had received a demand for EGP 4.7, which it was appealing, but had not received notification of further claims. 

Company Quote

0.35 +1.30%
9:38am EDT