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OCI, Adnoc Push Ahead With IPO of Fertilizer Venture

  • Company aims to announce Abu Dhabi IPO in coming weeks
  • Fertiglobe advisers holding early meetings with fund managers
Photographer: Christophe Viseux/Bloomberg
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Chemical producer OCI NV and Abu Dhabi National Oil Co. are planning to list their Middle Eastern fertilizer venture as soon as October, people with knowledge of the matter said. 

Advisers to the company, known as Fertiglobe, have been holding early meetings with potential investors and aim to announce plans for the initial public offering in the coming weeks, according to the people. Investors could be offered around a 10% to 15% stake in Fertiglobe through the IPO, the people said, asking not to be identified because the information is private.