Cairo - Mubasher: Orascom Construction Industries announced that the buy offer submitted by OCI N.V to acquire 0.157% of its shares was accepted by 62.13% of its shareholders.
Nearly 12,537 cash shares and 192.247 swap shares of OCI accepted the buyout offer from OCI N.V by the end of bid duration, according to OPR data.
OCI said earlier, its board of directors has approved the obligatory tender offer submitted by OCI N.V to buy up to 329,601 shares of OCI.
The board decision is based on the study prepared by the independent financial advisor HLB for Financial Consulting Co., where it set OCI's fair value at EGP 235.04 per share.
