Orascom's construction arm demerging, will list separately on Dubai and Egypt stock exchanges

February 16, 2015 1:00 PM

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DUBAI, United Arab Emirates – Orascom Construction, the global engineering and construction business, is demerging from OCI N.V.'s fertilizer and chemical business, and will be listed separately on both the Dubai and Egyptian stock exchanges.

The demerger of OC is slated for March 7 through a $1.4 billion reduction in OCI N.V.'s share capital, with current shareholders receiving one OC share for every two shares of OCI N.V. they own.

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