OCI N.V. (GB:0QGH) has released an update.
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OCI Global has successfully divested its entire interest in the Iowa Fertilizer Company (IFCO) to Koch Ag & Energy Solutions for $3.6 billion, marking a strategic milestone in the company’s value creation journey. The sale is part of a broader initiative by OCI to streamline its portfolio and return capital to shareholders, with IFCO being a key asset in the Midwest’s agricultural sector. OCI’s leadership believes the transaction will position IFCO for future growth under the new ownership.
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