OCI Sells Methanex Shares
Key highlights
- OCI sold 3,331,346 Methanex shares on 13 March 2026.
- The sale price was $51.80 per share, totaling $172.6 million.
- OCI's stake in Methanex decreased from 12.9% to 8.6%.
Transaction Details
On 13 March 2026, OCI Global's subsidiary, OCI Chemicals B.V., sold 3,331,346 common shares of Methanex Corporation. The shares were sold at a price of $51.80 each, resulting in net proceeds of approximately $172.6 million after customary fees and expenses.
Impact on Ownership
Prior to the sale, OCI held 9,944,308 shares of Methanex, representing about 12.9% of the company's issued and outstanding shares. Following the transaction, OCI's ownership decreased to 6,612,962 shares, which is approximately 8.6% of Methanex's total shares.
Future Considerations
OCI executed the sale for investment purposes and may consider future transactions involving Methanex shares based on market conditions and Methanex's business and financial status.
Source: OCI