OCI Global Receives U.S. Regulatory Approval for the Sale of its Global Methanol Business to Methanex Corporation
AMSTERDAM, June 12, 2025 /CNW/ -- OCI Global (Euronext: OCI), ('OCI', the 'Company') today announced that the regulatory review period under the U.S. Hart-Scott-Rodino Antitrust Act has concluded with respect to the sale of 100% of its equity interests in its Global Methanol Business ('OCI Methanol') to Methanex Corporation (TSX: MX) (Nasdaq: MEOH) ('Methanex'), (the 'Transaction'). All regulatory approvals required for the closing of the Transaction have now been obtained and the Transaction is expected to close on 27 June 2025 subject to customary closing conditions.
Transaction details
2033 Notes Tender offer
As previously announced, OCI is required to launch a tender offer for its U.S.$ 600,000,000 6.700 per cent Notes due 2033 (the 'Bonds') within five business days of the successful closing of the Transaction. The tender offer will be on customary terms and offer a price of 110.75% of par, plus accrued and unpaid interest.
This press release contains or may contain inside information within the meaning of Article 7(1) of the EU Market Abuse Regulation.
About OCI Global
Learn more about OCI at www.oci-global.com. You can also follow OCI on LinkedIn.
About OCI Methanol
OCI Methanol is a leading methanol producer in the US and through OCI HyFuels, a leading producer and distributor of green methanol today. OCI Methanol's total productive capacity comprises the following assets:
OCI Methanol's assets are in highly strategic and developed market locations across the United States and Europe with extensive distribution and storage capabilities near major industrial demand centres and key bunkering hubs. The assets in the United States have access to stable and low-cost USGC natural gas, enabling first quartile cost curve positions.
OCI HyFuels is a pioneering first-mover in providing the road, marine, power, and industrial sectors with renewable and low-carbon fuel alternatives to meet evolving regulatory requirements. The business includes the production and distribution of green methanol, bio-MTBE, renewable natural gas, and ethanol.
Methanol and ammonia are key enablers of the hydrogen economy and the most logical hydrogen fuels, key to decarbonizing hard to abate industries including marine.
About Methanex
Methanex is a Vancouver-based, publicly traded company and is the world's largest producer and supplier of methanol globally. Methanex shares are listed for trading on the Toronto Stock Exchange in Canada under the trading symbol 'MX' and on the Nasdaq Stock Market in the United States under the trading symbol 'MEOH.' Methanex can be visited online at www.methanex.com.
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