OCI publishes VEB response before EUR 4.10 offer vote for OCI stock

Published on 10/15/2026 at 13:07 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

OCI reported USD 1 million profit for H1 2026, down from USD 343 million. OCI stock costs EUR 4.15 on October 15, 2026 against a 52-week high of EUR 4.24.

Offer process and financial pressure

OCI published its response to VEB correspondence on October 6, 2026.
OCI reported USD 1 million in net profit for the first half of 2026 versus USD 343 million.
OCI stock trades at EUR 4.15 at 1:00 p.m. CEST at Lang & Schwarz on October 15, 2026.
The extraordinary general meeting is scheduled for October 30, 2026.

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OCI stock (ISIN NL0010558797) was trading at EUR 4.15 at Lang & Schwarz on October 15, 2026 at 1:00 p.m. CEST. OCI published its response to correspondence from the Dutch association for retail investors on October 6, 2026, covering the NNS offer and the proposed combination with Orascom Construction.

Three events frame the offer

On March 25, 2026, OCI completed the Beaumont New Ammonia handover and received USD 470 million in deferred consideration, according to OCI. On September 28, 2026, the company reported USD 1 million in net profit attributable to shareholders for the first half of 2026, compared with USD 343 million in the prior-year period, according to OCI. The October 6 response addressed the EUR 4.10 NNS cash offer and related transaction conditions.

What does the offer mean for earnings?

The first-half numbers show why the transaction process matters more than a normal earnings cycle. OCI Nitrogen generated USD 534 million of revenue in the first half of 2026, versus USD 566 million in the first half of 2025, while operating profit improved to USD 53 million from a USD 21 million loss. The segment nevertheless posted a USD 175 million net loss after a USD 215 million non-cash impairment charge. OCI said July and August adjusted EBITDA was USD 8 million and free cash flow was negative USD 16 million.

Two dates shape the next stage

OCI scheduled an extraordinary general meeting for October 30, 2026, to discuss the offer and vote on resolutions related to the combination. The NNS offer period is scheduled to close on November 17, 2026, unless extended.

Stock remains near its yearly high

OCI had a market capitalization of EUR 873.8 million on October 15, 2026. Its 52-week range was EUR 2.55 to EUR 4.24, placing the Lang & Schwarz quote EUR 0.09 below the reported high.

The further course of trading is shown by the continuously updated real-time quote of OCI stock.