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OCI, ADNOC and Fertiglobe to launch IPO of Fertiglobe

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World Fertilizer,


OCI N.V., Abu Dhabi National Oil Co. (ADNOC) and Fertiglobe have announced their intention to proceed with an IPO of Fertiglobe and to list its shares for trading on the Abu Dhabi Securities Exchange (ADX).

OCI and ADNOC intend to collectively offer 13.8% of Fertiglobe’s issued share capital in the offering. OCI is expected to indirectly continue to own a majority of Fertiglobe’s share capital post-IPO, while ADNOC is expected to indirectly own at least 36.2% of Fertiglobe’s share capital post-IPO.

Headquartered in Abu Dhabi, Fertiglobe was formed in September 2019 as a strategic partnership between OCI (58%) and ADNOC (42%).

The company’s portfolio of products comprises ammonia, urea, and Diesel Exhaust Fluid (DEF), which is also known as AdBlue in Europe and marketed as AdGreen for industrial customers.

Fertiglobe has announced several clean ammonia projects, including a partnership with ADNOC/ADQ in a world-scale 1 million tpy blue ammonia project, and is studying how to utilise the region’s abundant solar and wind resources to produce green ammonia in Egypt.

Read the article online at: https://www.worldfertilizer.com/nitrogen/05102021/oci-adnoc-and-fertiglobe-to-launch-ipo-of-fertiglobe/

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Urea news Ammonia news