Abu Dhabi-OCI NV has signed definitive agreements with global investors ADQ and Alpha Dhabi Holding to form a strategic alliance,in which the investors will acquire a 15% stake in OCI Methanol Group for a total consideration of $375-million(PCN,6 Dec 2021,p 2).As part of the alliance,OCI Methanol Group will be incorporated as an ADGM company in Abu Dhabi,United Arab Emirates.The transaction was originally expected to be finalized last year.A new anticipated closing date was not given.
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