Amsterdam - January 25, 2013 - Today trading in OCI N.V. (ticker symbol: OCI) started on NYSE Euronext Amsterdam.
OCI N.V. is an international nitrogen fertilizer producer and engineering & construction contractor, with projects and investments across Europe, the Americas, the Middle East, North Africa and Central Asia. OCI employs more than 74,000 people in 35 countries around the globe. The company was established in Egypt in 1976. The OCI Fertilizer Group ranks among the world’s top fertilizer producers with a nitrogen-based fertilizer production capacity approaching 7 million metric tons in 2013. The OCI Construction Group provides international engineering and construction services primarily on infrastructure, industrial and high-end commercial projects in Europe, the Middle East and North Africa for public and private clients.
OCI N.V. was admitted to listing and trading on the NYSE Euronext markets by direct listing of up to 208,938,419 shares representing a market capitalization of approx. USD 8.357.536.760 (in EUR 6.2 billion) (based on the opening price of USD 40,00).
Nassef Sawiris, CEO of OCI, said: “We are excited to enter a new phase in our growth by leveraging the international platform and access offered by NYSE Euronext Amsterdam. We want to thank NYSE Euronext for their cooperation in running the process smoothly while maintaining their high standards for companies who wish to obtain a listing in Amsterdam. We are convinced that this listing will enhance our international investor and credit profile and will create ample growth opportunities for our operations. The international listing further underscores our commitment to international governance and financial control standards to which we operate our business. ”
Cees Vermaas, CEO of NYSE Euronext Amsterdam, said:“We are delighted to welcome OCI to our exchange. Amsterdam is a liquid market with a strong presence of multinational large caps. OCI is a perfect complement to the community here. Our platform will offer OCI consolidated access to global capital markets as well as allow it to create more value for its shareholders.”
Diederik Zandstra, Head of Listings Europe of NYSE Euronext added: “The listing underlines our position as the exchange of choice for international listings and a gateway to European and US capital markets. We look forward to a long-standing partnership with OCI and supporting the company in achieving its goals via our market.”
To celebrate the listing, CEO of OCI Nassef Sawiris sounded the gong which denotes the opening of trading on the European markets of NYSE Euronext. He was joined by OCI executives, Bas Pulles, commissioner of Foreign Trade, Rabobank International (listing agent) Allen & Overy (legal advisors), the NYSE Euronext listing team and Cees Vermaas, CEO of NYSE Euronext Amsterdam.