Dutch Court Halts Shareholder Vote on Proposed Merger Between OCI and Orascom Construction
A Dutch court has blocked a planned shareholder vote on a proposed merger between OCI, the fertilizer producer listed on the Amsterdam Exchange, and Egypt’s Orascom Construction.
The Amsterdam court ruled that the vote, which was scheduled to take place during the shareholders’ meeting on January 22, cannot proceed at this stage. The court also decided to appoint two non-executive board members to assess whether the merger proposal was properly prepared and complies with applicable legal frameworks, according to Reuters.
In December, the board of Orascom Construction approved the potential merger with OCI Global, listed on Euronext, with the aim of establishing an Abu Dhabi–based infrastructure and investment platform focused on expanding global infrastructure investments.
In a statement to the Egyptian Exchange, Orascom Construction said the approval was granted as a preliminary step toward presenting the merger to shareholders for their consent. The company added that it will later call for an extraordinary general assembly to convene in January 2026 to review the transaction.