NNS buys OCI shares, lifting stake to 54.94%
The Cyprus-based bidder said it bought 403,642 OCI shares on July 10 at an average EUR 4.0790 each, below its EUR 4.10 voluntary offer price.
NNS Holding (Cyprus) Limited said it bought 403,642 OCI Global N.V. shares on July 10, 2026 at an average price of EUR 4.0790, increasing its holding to 116,129,970 shares, or about 54.94% of OCI’s issued share capital, after settlement. The purchase represented about 0.19% of OCI’s issued share capital, and the highest price paid in the day’s transactions was EUR 4.0800 per share. Together with Mr. Nassef Sawiris, who NNS said is also considered a bidder under Dutch bidding rules, the group will hold 116,519,700 shares, or about 55.13% of OCI’s issued share capital, after settlement. NNS said it is willing to provide liquidity to OCI shareholders who want to sell without disrupting trading and without exceeding its voluntary public offer price of EUR 4.10 per share. The disclosure was made under Section 5, paragraph 4, of the Netherlands Decree on Public Takeover Bids, with the broader offer to be made only through an offer memorandum approved by the AFM. NNS also said that, where permitted by applicable law, it and its affiliates may continue to acquire OCI shares outside the offer and would disclose any such purchases in the Netherlands by press release.
- voluntary public offer: A takeover bid launched at the bidder’s initiative to buy shareholders’ stock under stated terms.
- AFM: The Dutch Authority for the Financial Markets, which approves the offer memorandum for the bid.
- issued share capital: The total number of shares a company has issued and that are used to calculate ownership percentages.