NNS Holding Reaffirms Support for OCI-Rembrandt II Merger

NNS Holding (Cyprus) Limited has announced its continued support for the proposed merger of OCI Global N.V. with Orascom Construction PLC, referred to as Rembrandt II. The move follows OCI's call for an extraordinary general meeting of shareholders to vote on the merger.

This announcement by NNS, OCI's largest shareholder, aligns with its policy to manage diversified investments. However, the press release specifies it does not constitute a formal offer. Any actual offers would only proceed through an Offer Memorandum authorized by Dutch financial authorities.

The proposed merger seeks to combine OCI's business with Orascom Construction, enhancing operational synergies. Potential risks remain, including regulatory approvals and transaction costs. Interested parties are advised to consider professional advice regarding this matter.