OCI offloads methanol interests to Methanex for USD 2.05 bn
The transaction will see OCI get a 13% ownership in Methanex to make it the company’s second largest shareholder
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The transaction will see OCI get a 13% ownership in Methanex to make it the company’s second largest shareholder
The project will have a production capacity of 1.1 mn ton of blue ammonia per year during its first phase
The sale proceeds will help reduce OCI’s debt
The transaction prices Fetiglobe shares at an 8% premium at AED 3.20 per share
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