AMSTERDAM, 3 March 2025: OCI Global (Euronext: OCI) (“OCI” or the “Company”) today announced an update regarding the previously disclosed divestment of OCI’s global methanol business (“OCI Methanol”) to Methanex Corporation (“Methanex”) (TSX: MX) (NASDAQ: MEOH) on 9 September 2024. Regarding the dispute between OCI and its Natgasoline joint venture partner over certain shareholder rights, Proman filed a last-minute appeal in the Supreme Court of the State of Delaware on 28 February 2025, regarding the Delaware Court of Chancery’s ruling of 29 January 2025 in OCI’s favour. OCI currently expects to receive a final decision in Q2 2025 and closing of the acquisition is expected in Q2 2025. The transaction has been approved by the boards of directors of both companies and is subject to receipt of certain regulatory approvals and other closing conditions.
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Sarah Rajani CFA, Global Vice President Investor Relations and Communications
