PARIS: – OCI Global (Euronext: OCI) and Orascom Construction PLC (ADX, EGX: ORAS) said on Tuesday they have reached an agreement to combine operations, creating a new Abu Dhabi-anchored infrastructure and investment platform aimed at expanding global reach and growth prospects.
Under the deal, OCI shareholders will receive 0.4634 Orascom Construction shares for each OCI share held, giving them a 47% stake in the enlarged entity. The exchange ratio was based on equity values of about $1.35 billion for OCI and $1.52 billion for Orascom Construction.
The merger, subject to shareholder approval at an extraordinary general meeting in January 2026, will see OCI demerge its assets into a new subsidiary, transfer them to Orascom Construction in exchange for new shares, and subsequently liquidate and delist from Euronext Amsterdam.
The combined company will operate under the name “Orascom” with three business pillars: Orascom Infrastructure, Orascom Construction and Orascom Capital.
Executives said the deal would strengthen balance sheet capacity, enabling more than $1 billion of equity deployment by end-2026 into scalable, cash-generative assets. The combined group will target infrastructure opportunities across the United States, Middle East, Europe, Australia and emerging markets, leveraging Orascom’s engineering and construction expertise alongside OCI’s investment track record.
Nassef Sawiris, executive chairman of OCI, will serve as non-executive chairman of the new entity. Independent directors of both companies have unanimously recommended the transaction, with Rothschild & Co issuing a fairness opinion confirming the exchange ratio.