Edition:
United States

OCI NV (OCI.AS)

OCI.AS on Amsterdam Stock Exchange

24.97EUR
18 Jul 2018
Change (% chg)

-- (--)
Prev Close
€24.97
Open
--
Day's High
--
Day's Low
--
Volume
--
Avg. Vol
392,443
52-wk High
€25.48
52-wk Low
€15.10

Latest Key Developments (Source: Significant Developments)

OCI Announces Completion Of The Buyout And Delisting Of OCI Partners LP Common Units
Tuesday, 17 Jul 2018 01:24pm EDT 

July 17 (Reuters) - OCI NV ::ANNOUNCES COMPLETION OF THE BUYOUT AND DELISTING OF OCI PARTNERS LP COMMON UNITS.  Full Article

OCI Says About 9.3 Million Common Units Of OCI Partners Accepted For Purchase
Wednesday, 4 Jul 2018 03:26am EDT 

July 4 (Reuters) - OCI NV ::APPROXIMATELY 9.3 MILLION COMMON UNITS OF OCI PARTNERS HAVE BEEN ACCEPTED FOR PURCHASE AND WILL EXERCISE BUYOUT RIGHT FOR REMAINING UNITS.  Full Article

OCI: Natgasoline Begins Production At Largest Methanol Facility In United States
Monday, 25 Jun 2018 01:05am EDT 

June 25 (Reuters) - OCI NV ::NATGASOLINE LLC BEGINS PRODUCTION AT LARGEST METHANOL FACILITY IN UNITED STATES.ANNOUNCED START OF COMMERCIAL METHANOL PRODUCTION AT THEIR 5,000-METRIC TON PER DAY, OR 1.8 MILLION METRIC TONS PER ANNUM, METHANOL PLANT IN BEAUMONT, TEXAS.  Full Article

OCI Partners CEO Found Co Should Take Actions To Initiate Offer To Buy Units Held By Public Unitholders
Monday, 4 Jun 2018 06:47am EDT 

June 4 (Reuters) - OCI NV ::OCI PARTNERS LP-ON MAY 24, OCI NV'S BOARD DISCUSSED WITH SENIOR MANAGEMENT THE ACQUISITION OF MINORITY INTERESTS HELD BY THIRD PARTIES IN OCI NV'S UNITS.OCI PARTNERS - ON JUNE 1, CEO OF OCI NV FOUND OCI NV SHOULD TAKE ACTIONS TO INITIATE TENDER OFFER TO BUY ALL UNITS OF CO HELD BY PUBLIC UNITHOLDERS.OCI PARTNERS - AFTER COMMUNICATION WITH OCI NV BOARD, CEO OF OCI NV, APPROVED ON BEHALF OF OCI NV, COMMENCEMENT OF TENDER OFFER BY OCI NV - SEC FILING.  Full Article

OCI Forms N-7 Joint Marketing Venture In North America With Dakota Gasification Company
Monday, 21 May 2018 02:16am EDT 

May 21 (Reuters) - OCI NV ::FORMS N-7 JOINT MARKETING VENTURE IN NORTH AMERICA WITH DAKOTA GASIFICATION COMPANY.OCI NV <<>> - JV TO MARKET AND DISTRIBUTE OVER 4.5 MLN METRIC TONS OF PRODUCT FROM IOWA FERTILIZER COMPANY, OCI PARTNERS IN TEXAS AND DGC’S BEULAH FACILITY IN NORTH DAKOTA.IN ADDITION, N-7 WILL MARKET ANY IMPORTED PRODUCT FROM OCI’S OPERATIONS OUTSIDE NORTH AMERICA.  Full Article

OCI Prices Offering Of 650 Mln Dollar And 400 Mln Euro Senior Secured Notes Due 2023
Wednesday, 18 Apr 2018 02:33am EDT 

April 18 (Reuters) - OCI NV ::PRICES OFFERING OF $650 MILLION AND €400 MILLION SENIOR SECURED NOTES DUE 2023.DOLLAR NOTES WILL BEAR INTEREST AT A RATE OF 6.625% PER ANNUM.EURO NOTES WILL BEAR INTEREST AT A RATE OF 5.0% PER ANNUM..NOTES WILL BE ISSUED AT PAR.TRANSACTION IS EXPECTED TO CLOSE ON APRIL 26, 2018.INTEREST WILL BE PAYABLE SEMI-ANNUALLY.  Full Article

OCI FY Adjusted EBITDA Up At 634 Million Dollars ‍​
Friday, 16 Mar 2018 02:33am EDT 

March 16 (Reuters) - Oci Nv ::2017 ADJUSTED EBITDA INCREASED 36% TO $634 MILLION ‍​.FY REVENUE $ ‍​2.25 BILLION VERSUS $ 1.91 BILLION YEAR AGO.EXPECTS IOWA FERTILIZER COMPANY TO CONTINUE ITS RAMP-UP AND ACHIEVE STABLE UTILIZATION RATES IN 2018‍​.TOTAL CAPITAL EXPENDITURE FOR 2018 IS EXPECTED TO BE IN RANGE OF $250 TO $300 MILLION.NATGASOLINE IS EXPECTED TO COMMENCE PRODUCTION IN Q2 2018.SEES BIOMCN’S SECOND METHANOL LINE IS ON TRACK TO START PRODUCTION IN Q4 2018‍​.FOR 2019 AND BEYOND, TOTAL CAPITAL EXPENDITURE IS EXPECTED TO BE IN RANGE OF $150 TO $200 MILLION.EBIC IS EXPECTED TO DELIVER A 2018 FULL YEAR OF HIGH UTILIZATION.FY NET DEBT $ 4.45 BILLION VERSUS $ 4.19 BILLION YEAR AGO.EXPECTS TO RECEIVE BUSINESS INTERRUPTION INSURANCE PAYMENTS IN 2018.FY ADJUSTED NET INCOME ATTRIBUTABLE TO SHAREHOLDERS LOSS $ 27.3‍​ MILLION VERSUS PROFIT OF $ 22.1 MILLION YEAR AGO.  Full Article

OCI N.V. To Acquire 8.4% Of Publicly Held Common Units Of OCIP
Wednesday, 27 Dec 2017 02:31am EST 

Dec 27 (Reuters) - OCI NV ::OCI N.V. TO ACQUIRE 8.4% OF PUBLICLY HELD COMMON UNITS OF OCIP.ANNOUNCES IT HAS AGREED TO ACQUIRE 7.3 MILLION COMMON UNITS OF OCI PARTNERS LP <<>> AT A TOTAL COST OF $61 MILLION.EXPECTS TO COMPLETE ACQUISITION OF UNITS ON 27 DECEMBER, 2017.  Full Article

OCI reports Q3 net debt at $4.45 billion at Sept. 30
Tuesday, 21 Nov 2017 02:41am EST 

Nov 21 (Reuters) - OCI NV : :NET DEBT STOOD AT $4.45 BILLION AS OF SEPT. 30, AT CIRCA SAME LEVEL AS AT JUNE 30.RECORD SALES VOLUMES IN Q3, UP 29 PERCENT VERSUS YEAR AGO ‍​.Q3 TOTAL OWN PRODUCT SOLD 1,988,900 METRIC TONNES VERSUS 1,546,800 METRIC TONNES YEAR AGO‍​.CONTINUED SHUTDOWN OF ONE AMMONIA LINE IN ALGERIA, BUSINESS INTERRUPTION EXPECTED TO BE COVERED BY INSURANCE.Q3 TOTAL OWN PRODUCT AND TRADED THIRD PARTY 2,266,600 METRIC TONNES VERSUS 1,969,900 METRIC TONNES YEAR AGO.NITROGEN FERTILIZER PRICES AT TROUGH CONDITIONS DURING QUARTER.NATGASOLINE 92.2% COMPLETE AS AT 30 SEPTEMBER 2017, FIRST PRODUCTION EXPECTED IN MARCH 2018‍​.BIOMCN REFURBISHMENT OF SECOND PRODUCTION LINE PROGRESSING, ON TRACK FOR COMMISSIONING IN Q4 2018.  Full Article

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

BRIEF-OCI Prices Offering Of 650 Mln Dollar And 400 Mln Euro Senior Secured Notes Due 2023

* PRICES OFFERING OF $650 MILLION AND €400 MILLION SENIOR SECURED NOTES DUE 2023