NNS Holding, the investment vehicle for Nassef Sawiris’ family, launched a cash offer for all remaining shares of OCI Global.
The bid values the outstanding stake at approximately €866.6 million.
This move aims to break a deadlock and revive OCI Global’s merger with Orascom Construction.
A Dutch court previously halted the planned merger in January.
OCI Global’s board supports the offer provided it proceeds alongside the Orascom Construction merger.
This condition ensures minority shareholders can participate in the resulting combined infrastructure entity.