{"id":593617,"date":"2019-10-03T04:04:00","date_gmt":"2019-10-03T04:04:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/10\/03\/oci-nv-adnoc-complete-fertilizer-merger\/"},"modified":"2019-10-03T04:04:00","modified_gmt":"2019-10-03T04:04:00","slug":"oci-nv-adnoc-complete-fertilizer-merger","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/10\/03\/oci-nv-adnoc-complete-fertilizer-merger\/","title":{"rendered":"OCI NV, ADNOC complete fertilizer merger"},"content":{"rendered":"

<\/a> M&A WATCH- OCI NV, ADNOC fertilizer merger done and dusted: <\/b>Abu Dhabi National Oil Company (ADNOC) has completed its merger into Orascom Construction Industries (OCI) NV\u2019s nitrogen fertilizers production MENA platform, the local press reported<\/a>. OCI agreed in June<\/a> to merge with ADNOC to set up an Abu Dhabi-based JV with a production capacity of 5 mn tonnes of urea and 1.5 mn tonnes of ammonia. This will make it the largest fertilizer producer in the MENA region. OCI will own 58% of the JV and ADNOC 42%. OCI boss Nassef Sawiris is expected to take up the position of CEO while UAE Minister of State and CEO of ADNOC Sultan Ahmed Al Jaber will be chairman.<\/p>\n

Advisors:<\/b> Matouk Bassiouny & Hennawy and Shearman & Sterling acted as local counsel and Citi as financial advisor to ADNOC. Cleary Gottlieb Steen & Hamilton LLP acted as legal counsel and JPMorgan as financial advisor to OCI NV.<\/p>\n","protected":false},"excerpt":{"rendered":"

M&A WATCH- OCI NV, ADNOC fertilizer merger done and dusted: Abu Dhabi National Oil Company (ADNOC) has completed its merger into Orascom Construction Industries (OCI) NV\u2019s nitrogen fertilizers production MENA platform, the local press reported. OCI agreed in June to merge with ADNOC to set up an Abu Dhabi-based JV with a production capacity of […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8572],"tags":[1703,7097,72,99,131,363,2380,90],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-593617","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-adnoc","tag-development","tag-enterpriseam","tag-fertilizers","tag-manufacturing","tag-orascom-construction","tag-speed-round","tag-uae","wpautop","entry"],"acf":{"mongo_id":"c5f26c0c-2e51-4d35-a593-d77d23e8d089","is_powered_by":true,"section_story_id":"c0259657-d7c8-4acf-92ae-7cdcf80435f9","story_type":"1","photo_url":"","photo_position":"above","related_issue":[593607],"teaser":"","voice_url":""},"yoast_head":"\nOCI NV, ADNOC complete fertilizer merger - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2019\/10\/03\/oci-nv-adnoc-complete-fertilizer-merger\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"OCI NV, ADNOC complete fertilizer merger\" \/>\n<meta property=\"og:description\" content=\"M&A WATCH- OCI NV, ADNOC fertilizer merger done and dusted: Abu Dhabi National Oil Company (ADNOC) has completed its merger into Orascom Construction Industries (OCI) NV\u2019s nitrogen fertilizers production MENA platform, the local press reported. OCI agreed in June to merge with ADNOC to set up an Abu Dhabi-based JV with a production capacity of […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2019\/10\/03\/oci-nv-adnoc-complete-fertilizer-merger\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2019-10-03T04:04:00+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/10\/03\/oci-nv-adnoc-complete-fertilizer-merger\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/10\/03\/oci-nv-adnoc-complete-fertilizer-merger\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"OCI NV, ADNOC complete fertilizer merger\",\"datePublished\":\"2019-10-03T04:04:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/10\/03\/oci-nv-adnoc-complete-fertilizer-merger\/\"},\"wordCount\":156,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"ADNOC\",\"development\",\"EnterpriseAM\",\"fertilizers\",\"Manufacturing\",\"Orascom Construction\",\"SPEED ROUND\",\"UAE\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/10\/03\/oci-nv-adnoc-complete-fertilizer-merger\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2019\/10\/03\/oci-nv-adnoc-complete-fertilizer-merger\/\",\"name\":\"OCI NV, ADNOC complete fertilizer merger - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"datePublished\":\"2019-10-03T04:04:00+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/10\/03\/oci-nv-adnoc-complete-fertilizer-merger\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2019\/10\/03\/oci-nv-adnoc-complete-fertilizer-merger\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/10\/03\/oci-nv-adnoc-complete-fertilizer-merger\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"OCI NV, ADNOC complete fertilizer merger\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"name\":\"EnterpriseAM\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\",\"name\":\"EnterpriseAM\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/240894.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/240894.svg\",\"caption\":\"EnterpriseAM\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\",\"name\":\"enterpriseam admin\",\"sameAs\":[\"http:\/\/enterpriseam.testing.projectsarea.com\"],\"url\":\"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"OCI NV, ADNOC complete fertilizer merger - EnterpriseAM Egypt","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/egypt\/2019\/10\/03\/oci-nv-adnoc-complete-fertilizer-merger\/","og_locale":"en_US","og_type":"article","og_title":"OCI NV, ADNOC complete fertilizer merger","og_description":"M&A WATCH- OCI NV, ADNOC fertilizer merger done and dusted: Abu Dhabi National Oil Company (ADNOC) has completed its merger into Orascom Construction Industries (OCI) NV\u2019s nitrogen fertilizers production MENA platform, the local press reported. OCI agreed in June to merge with ADNOC to set up an Abu Dhabi-based JV with a production capacity of […]","og_url":"https:\/\/enterpriseam.com\/egypt\/2019\/10\/03\/oci-nv-adnoc-complete-fertilizer-merger\/","og_site_name":"EnterpriseAM Egypt","article_published_time":"2019-10-03T04:04:00+00:00","author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/egypt\/2019\/10\/03\/oci-nv-adnoc-complete-fertilizer-merger\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/2019\/10\/03\/oci-nv-adnoc-complete-fertilizer-merger\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"OCI NV, ADNOC complete fertilizer merger","datePublished":"2019-10-03T04:04:00+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2019\/10\/03\/oci-nv-adnoc-complete-fertilizer-merger\/"},"wordCount":156,"publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"keywords":["ADNOC","development","EnterpriseAM","fertilizers","Manufacturing","Orascom Construction","SPEED ROUND","UAE"],"articleSection":["Speed Round"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/egypt\/2019\/10\/03\/oci-nv-adnoc-complete-fertilizer-merger\/","url":"https:\/\/enterpriseam.com\/egypt\/2019\/10\/03\/oci-nv-adnoc-complete-fertilizer-merger\/","name":"OCI NV, ADNOC complete fertilizer merger - EnterpriseAM Egypt","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/#website"},"datePublished":"2019-10-03T04:04:00+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/egypt\/2019\/10\/03\/oci-nv-adnoc-complete-fertilizer-merger\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/egypt\/2019\/10\/03\/oci-nv-adnoc-complete-fertilizer-merger\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/egypt\/2019\/10\/03\/oci-nv-adnoc-complete-fertilizer-merger\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/egypt\/"},{"@type":"ListItem","position":2,"name":"OCI NV, ADNOC complete fertilizer merger"}]},{"@type":"WebSite","@id":"https:\/\/enterpriseam.com\/egypt\/#website","url":"https:\/\/enterpriseam.com\/egypt\/","name":"EnterpriseAM","description":"The State of the Nation","publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/enterpriseam.com\/egypt\/#organization","name":"EnterpriseAM","url":"https:\/\/enterpriseam.com\/egypt\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/","url":"https:\/\/ent.news\/internal\/240894.svg","contentUrl":"https:\/\/ent.news\/internal\/240894.svg","caption":"EnterpriseAM"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d","name":"enterpriseam admin","sameAs":["http:\/\/enterpriseam.testing.projectsarea.com"],"url":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"}]}},"featured_image_src":null,"featured_image_src_square":null,"author_info":{"display_name":"enterpriseam admin","author_link":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":599090,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/06\/18\/oci-nv-adnoc-create-jv-combining-their-middle-east-fertilizers-businesses\/","url_meta":{"origin":593617,"position":0},"title":"OCI NV, ADNOC create JV combining their Middle East Fertilizers Businesses","author":"enterpriseam admin","date":"18 June 2019","format":false,"excerpt":"M&A WATCH- Tie-up between OCI NV and ADNOC will create the largest fertilizer producer in MENA: Abu Dhabi National Oil Company (ADNOC) has agreed to merge its fertilizers business into OCI NV\u2019s nitrogen fertilizers production platform in the Middle East and North Africa, creating the largest export-focused nitrogen fertilizer platform\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2019\/6\/2206.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":598996,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/06\/16\/adnoc-oci-nv-in-talks-to-combine-middle-east-fertilizers-businesses\/","url_meta":{"origin":593617,"position":1},"title":"ADNOC, OCI NV in talks to combine Middle East fertilizers businesses","author":"enterpriseam admin","date":"16 June 2019","format":false,"excerpt":"M&A WATCH- ADNOC, OCI NV said to be in talks to merge Middle East fertilizers businesses: Abu Dhabi National Oil Company (ADNOC) is in talks with Nassef Sawiris\u2019 OCI NV to explore the possibility of merging their Middle East fertilizers businesses, Bloomberg reports, citing unnamed sources. The assets include a\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":596653,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/07\/03\/maatouk-bassiouny-legal-counsel-to-adnoc-in-oci-nv-fertilizer-business-merger\/","url_meta":{"origin":593617,"position":2},"title":"Maatouk Bassiouny legal counsel to ADNOC in OCI NV fertilizer business merger","author":"enterpriseam admin","date":"3 July 2019","format":false,"excerpt":"Matouk Bassiouny is acting as local counsel to Abu Dhabi National Oil Company (ADNOC) in the merger of ADNOC fertilizers business into OCI NV\u2019s nitrogen fertilizers production platform in the Middle East and North Africa, the law firm said in a statement (pdf). OCI NV, meanwhile, hired Cleary Gottlieb Steen\u2026","rel":"","context":"In "Law"","block_context":{"text":"Law","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/law\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":572924,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/07\/14\/oci-nv-adnoc-could-shutter-fertilizer-plants-on-high-gas-prices\/","url_meta":{"origin":593617,"position":3},"title":"OCI NV, Adnoc could shutter fertilizer plants on high gas prices","author":"enterpriseam admin","date":"14 July 2020","format":false,"excerpt":"OCI NV, Adnoc could shutter Egypt fertilizer plants due to gas prices: High gas prices in Egypt could force OCI NV and the Abu Dhabi National Oil Company (Adnoc) to close all of their fertilizer plants in the country, the companies warned yesterday, according to Youm7. The companies, which last\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":557419,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/09\/19\/e-finance-to-ipo-this-fall\/","url_meta":{"origin":593617,"position":4},"title":"E-Finance to IPO this fall","author":"enterpriseam admin","date":"19 September 2021","format":false,"excerpt":"E-Finance, the state-owned fintech platform and digital payment infrastructure provider could become the second company to IPO on the EGX this year after formally announcing its intention to go ahead with a public share sale in 4Q2021. In an intention to float (pdf) released early this morning, the company revealed\u2026","rel":"","context":"In "IPO"","block_context":{"text":"IPO","link":"https:\/\/enterpriseam.com\/egypt\/category\/business\/ipo-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/9\/245.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":612041,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/12\/17\/oci-to-sell-entire-50-stake-in-fertiglobe-to-adnoc-for-usd-3-62-bn\/","url_meta":{"origin":593617,"position":5},"title":"OCI to sell entire 50% stake in Fertiglobe to Adnoc for USD 3.62 bn","author":"enterpriseam admin","date":"17 December 2023","format":false,"excerpt":"The transaction prices Fetiglobe shares at an 8% premium at AED 3.20 per share","rel":"","context":"In \"ADNOC\"","block_context":{"text":"ADNOC","link":"https:\/\/enterpriseam.com\/egypt\/tag\/adnoc\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/12\/1046.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/593617","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=593617"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/593617\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/593607"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=593617"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=593617"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=593617"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=593617"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=593617"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}