OCI Considers US, Middle East as Alternative Listing Venues
- Activist Jeff Ubben had urged OCI to consider asset sales
- Board approves strategic review of all business lines
This article is for subscribers only.
OCI NV is considering the Middle East and US as possible alternative listing venues, as the Dutch chemical company looks to assuage shareholder concerns about its stock price.
The company’s board approved a comprehensive review of all its business lines to unlock value, which includes evaluating its Dutch listing, it said in a statement on Tuesday. The decision follows a letter from activist investor Jeff Ubben in March, which urged the company to explore strategic options including asset sales.