NNS Holding reaffirms support for OCI business combination
The Enterprise Chamber has cleared the path for an extraordinary general meeting of shareholders to vote on the proposed merger between OCI Global and Orascom Construction PLC, known as Rembrandt II. In the wake of this development, NNS Holding, the largest shareholder in OCI, has formally reaffirmed its commitment to the deal.
The upcoming vote marks a significant shift for the two entities as they move toward integrating their business operations. While the process hinges on the final decision from the shareholder meeting, NNS continues to position itself as a primary driver behind the transaction. The firm, founded by Nassef Sawiris in 2008, manages a diversified portfolio and remains deeply invested in the outcome of this corporate restructuring.
Despite the progress, the offer remains subject to strict regulatory oversight. NNS emphasized that any formal acquisition of shares will proceed only through an offer memorandum approved by the Dutch Authority for the Financial Markets. The company cautioned that this announcement does not constitute an official solicitation or financial advice, noting that forward-looking statements regarding the transaction remain subject to various market risks and regulatory uncertainties.
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