OCI NV Announces Proposed IPO of Beaumont Business
CAIRO, EGYPT--(Marketwired - Jun 5, 2013) -
Amsterdam, the Netherlands / 5 June, 2013 8:00 AM
OCI N.V. Announces Proposed Initial Public Offering of Beaumont
Methanol and Ammonia Production Business
OCI N.V. today announced that it intends to contribute its methanol and
ammonia facility near Beaumont, Texas to a newly formed limited
partnership (the "MLP") and that it expects the MLP to file a
registration statement with the U.S. Securities and Exchange Commission
to register an initial public offering (the "IPO") of common units to
be issued by the MLP. OCI N.V. expects that the initial filing of the
registration statement will occur in June 2013.
Subject to market conditions and final approval by OCI N.V.'s board of
directors, OCI N.V. anticipates that a minority interest in the MLP
will be offered in the IPO in the second half of 2013. The purpose of
the IPO is to raise proceeds to repay outstanding indebtedness of the
MLP and to fund expenditures relating to the Beaumont facility's
planned debottlenecking project. Additional information will be
included in the registration statement once publicly filed.
DISCLOSURES UNDER RULE 135
A registration statement relating to the common units of the MLP to be
sold in the IPO is expected to be filed with the Securities and
Exchange Commission, but has not been filed or become effective. This
announcement does not constitute an offer to sell, or the solicitation
of an offer to buy, any securities. This announcement is being issued
pursuant to, and in accordance with, Rule 135 under the Securities Act
of 1933, as amended.
CAUTIONARY STATEMENT FOR THE PURPOSES OF THE "SAFE HARBOR" PROVISIONS
OF THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995
This news release contains certain forward-looking statements within
the meaning of Section 27A of the Securities Act of 1933, as amended,
and Section 21E of the Securities Exchange Act of 1934, as amended,
which are intended to be covered by the safe harbors created thereby.
Words and phrases such as "is anticipated,""is estimated,""is
expected,""is planned,""is scheduled,""is
targeted,""believes,""intends,""objectives,""projects,""strategies" and
similar
expressions are used to identify such forward-looking statements.
However, the absence of these words does not mean that a statement is
not forward-looking. Forward-looking statements relating to the
expected filing of the registration statement with respect to the IPO
of the MLP, the expected timing of the completion of the IPO of the MLP
and the purpose of the IPO are based on management's expectations,
estimates and projections about the MLP and OCI N.V.'s industry in
general on the date this news release was prepared. These statements
are not guarantees of future performance and involve certain risks,
uncertainties and assumptions that are difficult to predict, including
the risks related to prevailing conditions in the U.S capital markets
and the risk that the IPO may not occur. Therefore, actual outcomes and
results may differ materially from what is expressed in such
forward-looking statements. OCI N.V. is under no obligation (and
expressly disclaims any such obligation) to update or alter its
forward-looking statements, whether as a result of new information,
future events or otherwise.
About OCI N.V.:
OCI N.V. is a global nitrogen-based fertilizer producer and engineering&
construction contractor based in the Netherlands. The Fertilizer
Group owns and operates nitrogen fertilizer plants in the Netherlands,
the United States, Egypt and Algeria and has an international
distribution platform spanning from the Americas to Asia. The
Fertilizer Group ranks among the world's top fertilizer producers with
a fertilizer production capacity of nearly 7 million metric tons. The
Construction Group provides international engineering and construction
services primarily on infrastructure, industrial and high-end
commercial projects in the United States, Europe, the Middle East,
North Africa and Central Asia for public and private clients. The
Construction Group ranks among the world's top global contractors. OCI
N.V. employs more than 75,000 people in 35 countries around the globe
and is listed on the NYSE Euronext in Amsterdam.
For additional information contact:
Investor Relations Department: For additional information on OCI N.V.:
Omar Darwazah www.ocinv.nl
Email:odarwazah@orascomci.co.uk
Mijnweg 1,
Erika Wakid 6167 AC Geleen,
Email:ewakid@orascomci.co.uk The Netherlands
Hassan Badrawi
Director OCI N.V. stock symbols: OCI / OCI.NA /
OCI.AS / OCINY
Tel: +202 2461 1036/0727/0917
Fax: +202 2461 9409
This information is provided by RNS
The company news service from the London Stock Exchange
END
Contacts: RNS Customer Services 0044-207797-4400 Email Contact http://www.rns.com
