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OCI Global (Euronext: OCI) said its wholly owned subsidiary, OCI Chemicals B.V., has sold its remaining 2,612,962 common shares of Methanex Corporation, representing approximately 3.4% of Methanex’s issued and outstanding shares.
The sale was executed on 20 April as a block trade at a price of US$52.85 per share. OCI said the transaction generated net proceeds of approximately US$138.1 million after customary fees and expenses.
Following the disposition, OCI no longer owns or exercises control or direction over any Methanex shares.
OCI said the disposition was made for investment purposes. Depending on market conditions and other factors, including Methanex’s business and financial condition, OCI may in the future acquire securities of Methanex or sell some or all of the securities it may own at any time.
OCI noted that certain information in the release, including statements relating to its investment in Methanex, may constitute forward-looking statements. These statements are subject to business, economic, and competitive uncertainties and contingencies, and OCI cautioned readers not to place undue reliance on them. OCI also stated it disclaims any intention or obligation to update or revise forward-looking statements except as required by applicable law.
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