OCI Shareholders Approve Merger With Orascom Construction

OCI N.V., the Amsterdam-listed nitrogen fertilizer and methanol producer, said Thursday its shareholders voted in favor of all resolutions related to the planned business combination with Orascom Construction PLC at an extraordinary general meeting, clearing a critical milestone in the deal process.

The vote, disclosed through a press release dated Oct. 30, 2026, moves the two companies closer to completing a transaction that would unite OCI's chemicals operations with Orascom Construction's engineering and contracting business. Both firms share common ownership ties through Egyptian billionaire Nassef Sawiris, making the combination a consolidation of related assets under a restructured corporate umbrella.

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Alongside the EGM results, OCI published an updated indicative timetable for the transaction, signaling that management expects the combination to proceed toward closing on a revised schedule. No specific new closing date was disclosed in the announcement, though the timetable update suggests the parties are working through remaining regulatory and administrative steps.

Shareholder approval at such meetings typically represents one of the final major hurdles before a corporate combination is legally consummated, with subsequent steps usually involving court approvals, regulatory clearances, and share settlement procedures. The updated timeline indicates OCI aims to provide investors greater clarity on when those steps will conclude.

The company trades on Euronext Amsterdam under the ticker OCI. Continue reading at All Financial Services & Investing.