OCI Global Announces Agreement for the Sale of its Clean Ammonia Project in Beaumont, Texas to Woodside Energy

OCI Global ("OCI") has entered into a binding equity purchase agreement for the sale of 100% of its equity interests in OCI's 1.1 million metric tonnes Clean Ammonia project under construction in Beaumont, Texas ("OCI Clean Ammonia" or the "Project"), (the "Transaction") to Woodside Energy Group Ltd ("Woodside"), following a competitive process.Purchase price consideration of USD 2.35 billion on a cash-free, debt-free basis ("Purchase Price").OCI will be fully responsible for delivering a fully staffed and operational facility by completion of the Project. The total scope of the Project includes certain infrastructure and utilities required for a second line.The Transaction is subject to customary closing conditions and receipt of OCI shareholder approval and is expected to close later this year.View original content:https://www.prnewswire.co.uk/news-releases/oci-global-announces-agreement-for-the-sale-of-its-clean-ammonia-project-in-beaumont-texas-to-woodside-energy-302214128.html

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