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Latest in Tag: OCI

Consent solicitation, exchange offer for Iowa Fertilizer Company bonds successfully completed: OCI

Orascom Constructions Industries (OCI) and Iowa Fertilizer Company announced in a statement released on Monday the successful completion of its previously announced consent solicitation and exchange offer on the Midwestern Disaster Area Revenue Bonds and the Series 2013 Bonds. According to the statement, the exchange offer involves the tender of $147m in aggregate principal amounts …

Daily News Egypt

Orascom Construction suspends tax payment to Egypt

Reuters – Orascom Construction Industries has suspended payment of a 31 December instalment of an EGP 7.1bn ($1.02bn) tax settlement with Egypt’s government, its Amsterdam-listed parent company OCI NV said on Wednesday. The settlement was agreed last April, when Islamist President Mohamed Morsi was still in office, and related to claims the company had failed …

Daily News Egypt

Egypt ‘too big to fail’: Director of Actis in Egypt

Actis is an emerging markets investor with US$5.2 billion funds under management. Through the expertise of over 120 investment professionals on the ground in twelve countries, Actis identifies investment opportunities in three areas: private equity, infrastructure and real estate. Daily News spoke to Actis’s Director in Egypt about the current business environment in Egypt, the challenges as well as the solutions to reposition Egypt as an attractive investment destination.

Daily News Egypt