|By Marketwired .||
|December 3, 2012 02:05 AM EST||
CAIRO, EGYPT -- (Marketwire) -- 12/03/12 --
Cairo, Egypt / 2 December, 2012 8:30 AM OCI Submits Additional Documentation for its Planned Demerger as Requested by the Egyptian Financial Supervisory Authority (EFSA) Orascom Construction Industries (OCI) announced today that it has submitted additional documentation requested by the Egyptian Financial Supervisory Authority (EFSA) with regards to the company's planned demerger of its construction business from its fertilizer business. The required documentation seeks to meet EFSA's request to issue shares for the both the demerging and demerged companies simultaneously. EFSA's request for documentation is a follow-up to OCI's request to issue new shares for the demerging company following its capital reduction. OCI continues to comply with any legal requests, submits additional documentation promptly and addresses any clarifications that EFSA may require in this matter. To-date, OCI has submitted all supporting documentation to EFSA pertaining to the demerger. About Orascom Construction Industries OCI is one of Egypt's largest corporations employing more than 90,000 people in 35 countries around the globe. The OCI Fertilizer Group owns and operates nitrogen fertilizer plants in Egypt, the Netherlands, the United States, and Algeria and has an international distribution platform spanning from the Americas to Asia. The OCI Fertilizer Group ranks among the world's top fertilizer producers with a production capacity which will exceed 7.0 million metric tons in 2012. The OCI Construction Group provides international engineering and construction services primarily on infrastructure, industrial and high-end commercial projects in Europe, the Middle East and North Africa for public and private clients. The OCI Construction Group ranks among the world's top global contractors. For additional information contact: For additional information on OCI: OCI Investor Relations Department: www.orascomci.com Omar Darwazah OCI stock symbols: OCIC.CA / Email: [email protected] OCIC EY /OCICqL / ORSD / ORSCY Erika Wakid Orascom Construction Industries Email: [email protected] (OCI) Nile City Towers - South Tower Hassan Badrawi 2005A Corniche El Nil Director Cairo, Egypt Tel: +202 2461 1036/0727/0917 Fax: +202 2461 9409 This information is provided by RNS The company news service from the London Stock Exchange END
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