The upcoming vote marks a critical milestone for the combination of OCI's business with Orascom Construction. While the legal process moves toward an official meeting of shareholders, NNS continues to position itself as the driving force behind the transaction. The Limassol-based firm, founded by Nassef Sawiris in 2008, currently manages a diverse portfolio of equities and real estate as OCI's largest investor.
NNS Backs Rembrandt II as OCI Prepares Shareholder Vote
Directors appointed by the Enterprise Chamber have cleared the path for an extraordinary general meeting to finalize the proposed merger between OCI Global and Orascom Construction PLC. NNS Holding, the primary shareholder behind the initiative known as Rembrandt II, confirmed its unwavering support for the deal following the announcement.
NNS clarified that this latest update serves as information only and does not constitute a formal offer or solicitation for securities. Any final transaction will require the approval of the Dutch Authority for the Financial Markets. The firm also cautioned that the transition remains subject to standard market risks, including regulatory hurdles and potential litigation, which could impact the projected timeline or outcomes for shareholders.
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