Oceanwood Capital withdraws proxy from VEB in OCI legal battle
Oceanwood Capital Management has moved to disentangle itself from the ongoing legal dispute involving OCI Global, notifying the Dutch Shareholders Association (VEB) on July 1, 2026, that it is formally withdrawing the power of attorney previously granted to the organization regarding proceedings in the Enterprise Chamber.
The shift significantly weakens the collective representation in the case, as The Oceanwood Fund accounted for roughly 93.75% of the 2.01% of OCI's issued share capital initially tied to the VEB application. With 3,980,000 shares originally attributed to the fund within that grouping, the withdrawal creates a substantial gap in the applicant pool.
Despite stepping back from the VEB-led action, Oceanwood maintains a direct interest in the company. Regulatory disclosures confirm that funds under Oceanwood management held 4,934,414 OCI shares as of June 22, 2026, signaling a transition from collective litigation to an independent stance regarding their stake in the Amsterdam-listed firm.
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