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Orascom Construction Industries SAE's OCI NV Announces Acceptances of GDR Holders to Exchange Offer
Orascom Construction Industries SAE's OCI NV announced that shareholders, including the Sawiris family and Abraaj Capital, holding a total of 140,083,789 shares representing 91% of OCI's Regulation S GDRs (GDRs) and 68% of total shares outstanding have accepted the offer to exchange their GDRs for OCI N.V. shares. The Company has also received additional commitments for 4% of GDRs holder, bringing total conversions and commitment of outstanding GDRs to 95%. Trading of OCI N.V. shares on the NYSE Euronext in Amsterdam began on January 25, 2013.
Latest Developments for Orascom Construction Industries SAE
- OCI NV to Proceed with Filing Documentation to Complete Exchange Offer for Acquisition of Orascom Construction Industries SAE
- OCI N.V. Submits Mandatory Tender Offer To Egyptian Financial Supervisory Authority To Acquire Orascom Construction Industries SAE
- Orascom Construction Industries SAE Issues Further Information Concerning Global Depository Receipts For Ordinary Shares
- Orascom Construction Industries SAE Announces OCI NV's Acceptances of 93.3% of GDR Holders to the Exchange Offer After Second Close
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