OCI Global (Euronext: OCI), a global producer and distributor of hydrogen products providing fertilizers, fuels, and feedstock to agricultural, transportation, and industrial customers around the world, acknowledges the receipt of a letter from Inclusive Capital Partners (In-Cap). In-Cap currently owns 5% of the outstanding shares of OCI Global.
The letter states that OCI is trading at a significant discount to its intrinsic value, despite strong incumbent positions in two markets (ammonia / nitrogen fertilizers and (bio)methanol), and commends the company's leadership in driving the energy transition to decarbonize ammonia and methanol-based fuels. In-Cap therefore asks to explore strategic options to best unlock and pursue value creation.
OCI has always been focused on value creation for all stakeholders. We welcome the dialogue with our shareholders, and will evaluate the merits of the views and ideas of our stakeholders, including In-Cap.
OCI NV published this content on 28 March 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 March 2023 22:15:03 UTC.
OCI N.V. is a world-leading producer and distributor of nitrogen, methanol and hydrogen products, driving forward the decarbonization of the energy-intensive industries that shape, feed and fuel the world. Through its cleaner products and practical solutions, OCI N.V. is improving the way to work and live by making transport cleaner, products greener and harvests better.
As a game-changing leader in its industry, the group is supporting food and energy security today, and developing cleaner solutions for tomorrow.
OCI N.V. is strategically positioned with unrivalled global capabilities and assets, giving it the infrastructure and network to deliver high-quality products at speed and scale.
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