OCI Global has completed the closing of its 50% share stake in Fertiglobe to Abu Dhabi National Oil Company (ADNOC) for a reported $3.62bn.
Following the completion of all legal and regulatory conditions, customary closing adjustments and receipt of OCI shareholder approval, the hydrogen producer and distributor reaffirmed its partnership with ADNOC.
“I am confident that the Fertiglobe platform under ADNOC’s stewardship is firmly positioned for future value creation, driven by new decarbonisation opportunities and incremental demand for low-carbon solutions in our global markets,” said Nassef Sawiris, Executive Chairman of OCI.
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