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OCI in talks to offload 50% stake in BESIX

: Wednesday, April 30 - 2014 @ 11:00

OCI NV, a Netherlands-based company headed by Egyptian billionaire Nassef Sawiris, has announced plans to sell its 50% stake in the BESIX engineering and construction group, Bloomberg has reported. The company is in talks with potential bidders for the stake, it said, without identifying the suiters. OCI is a producer of natural gas-based fertilisers, industrial chemicals, as well as a construction contractor and employs more than 72,000 people in areas including the US, Europe and the Middle East.

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Wednesday, April 30- 2014 @ 11:00 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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