On 18 January 2013, OCI N.V. has launched an exchange offer to acquire all of the outstanding Regulation S Global Depositary Receipts of Orascom Construction Industries, SAE (OCI) in exchange for ordinary shares in OCI N.V. OCI N.V. also intends to launch a mandatory tender offer to acquire all of OCI’s ordinary shares in exchange for OCI N.V. ordinary shares, or a cash alternative.
OCI N.V. has obtained commitments in excess of US$ 2 billion from participating investors, including US$ 1 billion from US investors comprising Cascade Investment, L.L.C., an entity wholly owned by Bill Gates, Southeastern Asset Management, and Davis Selected Advisers, to provide the funding required under the share exchange offer with a cash alternative to pay shareholders who elect to tender their OCI ordinary shares for cash.
NautaDutilh advised Cascade Investment, L.L.C. on the Dutch legal aspects of its investment in OCI N.V.
The listing of OCI N.V. on NYSE Euronext Amsterdam is expected to take place on 25 January 2013.
The team of NautaDutilh consisted of Petra Zijp and Monique Lumeij-Dorenbos.
