OCI Global's subsidiary OCI Chemicals B.V. sold its remaining 2,612,962 common shares of Methanex (≈3.4% of outstanding) in a block trade on 20 April at US$52.85 per share, yielding net proceeds of about US$138.1 million after fees.
Following the disposition, OCI no longer owns or exercises control or direction over any Methanex shares.
Source: OCI
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Net profit USD 1m; sold ammonia distribution and monetized Methanex; OCI Nitrogen impaired and facing margin pressure; held‑for‑sale net cash USD 1.05bn; NNS offer and Orascom deal progressing.
Board (excluding Nassef and Nadia Sawiris) backs NNS cash offer and court-appointed directors agree to convene an EGM to approve the Orascom transaction, conditional on NNS declaring and settling the offer.
Block trade on 13 April; ownership fell from ~6.0% to ~3.4%. Transaction was for investment purposes; company may repurchase or further sell shares depending on market and the stock's performance.
Geopolitical tensions raise gas costs, impacting nitrogen production. OCI divests assets, plans merger with Orascom. Court halts shareholder vote pending inquiry. Revenue and EBITDA decline.
OCI sold 3.3 million Methanex shares for $172.6 million, reducing its stake from 12.9% to 8.6%. Future transactions depend on market conditions and Methanex's performance.
