ADNOC AND OCI GLOBAL FORGE AGREEMENT FOR FERTIGLOBE ACQUISITIONSale and Purchase Agreement (Spa) • January 12th, 2024
Contract Type FiledJanuary 12th, 2024With legal oversight from Adnoc’s Chief Legal Officer, Marwan Naim Nijmeh and Maud de Vries, Chief Legal and. Human Capital Officer at OCI Global, Abu Dhabi National Oil Company (ADNOC) and OCI Global (OCI) have officially entered into a Sale and Purchase Agreement (SPA) for the acquisition of OCI's entire majority shareholding in Fertiglobe. The transaction, worth AED 13.28 billion ($3.62 billion), is slated to position ADNOC as the majority shareholder in Fertiglobe, marking a significant milestone for both entities.