AMSTERDAM: OCI Global (Euronext: OCI) a leading global producer and distributor of nitrogen products today announced that it has reached an agreement for the sale of 100% of its equity interests in OCI Ammonia Holding B.V. to AGROFERT.
AGROFERT is a significant European nitrogen products manufacturer. The total consideration of the deal is EUR 290 million. OCI AH owns both OCI Terminal Europoort B.V. (“OTE”) – OCI’s ammonia import and storage terminal in Rotterdam – and OCI Ammonia Distribution B.V. (“OAD”) – OCI’s ammonia distribution platform, serving third party off-site European customers.
The Transaction is expected to close in H1 2026 subject to satisfaction of certain regulatory approvals, other customary closing procedures and OCI N.V. shareholder approval at an extraordinary general meeting to be convened.
OCI Nitrogen (“OCIN”) – OCI’s production facility in Geleen – will continue to have access to OTE via a throughput agreement, ensuring ammonia sourcing flexibility.
OCI continues to evaluate strategic options for its production facility in Geleen and will update the market in due course.