NNS Holding Submits Draft Offer for OCI Global

The proposed transaction is backed by the firm's existing cash resources, which NNS states are sufficient to cover both the acquisition and related expenses. Unlike many corporate acquisitions, this offer does not carry a minimum acceptance threshold. NNS has committed to purchasing any shares validly tendered, provided that standard conditions—such as regulatory clearances and the absence of government prohibitions—are met.

To solidify the process, NNS has secured irrevocable non-tender agreements with members of the Sawiris family. These shareholders, who collectively hold over 19 million shares or roughly 9.07% of the company, have committed not to tender their holdings during the offer period. The bid remains subject to approval by the Dutch financial regulator, with further details expected to be formalized in an upcoming offer memorandum.