Nassef Sawiris will step down as OCI Global’s executive chair after more than two decades at the helm of one of the world’s largest fertilizer producers “due to other professional commitments,” according to a statement from the Dutch-listed company. Sawiris will officially leave the role as of the company’s next annual general meeting.

Why this matters: This looks like a move from Sawiris to get the proposed merger with EGX- and ADX-listed Orascom Construction back on the table. Back in January, a Dutch court threw a wrench in the works by blocking the merger, in part due to concerns over Sawiris’ influence on the board.

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