OCI Global receives US regulatory approval for the sale of its global methanol business to Methanex Corp.
Published by Emilie Grant,
Editorial Assistant
Hydrocarbon Engineering,
OCI Global has announced that the regulatory review period under the US Hart-Scott-Rodino Antitrust Act has concluded with respect to the sale of 100% of its equity interests in its Global Methanol Business (OCI Methanol) to Methanex Corp.
All regulatory approvals required for the closing of the transaction have now been obtained and the transaction is expected to close on 27 June 2025 subject to customary closing conditions.
Transaction details
Under the proposed transaction, Methanex will acquire 100% of the equity interests in OCI Methanol, comprising 100% of OCI’s US and European methanol assets.
The transaction consideration will be paid through a combination of approximately US$1.2 billion of cash (taking into account net indebtedness) subject to customary closing adjustments, and the issuance of 9.9 million common shares of Methanex.
Read the article online at: https://www.hydrocarbonengineering.com/petrochemicals/13062025/oci-global-receives-us-regulatory-approval-for-the-sale-of-its-global-methanol-business-to-methanex-corp/
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