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FINANCIAL NEWS
Egypt’s OCI acquires 100% of Dutch firm
14 Jul 2010
(MENAFN) Orascom Construction Industries (OCI), Egypt’s biggest listed firm, said that it has signed a deal to buy 100 percent of Micro Chemie B.V., a Netherland-based owner and operator of ammonia storage tanks, Reuters reported.
Micro Chemie has storage tanks with a total capacity of 30,000 tonnes and a lease for a terminal located at the Dutch port of Rotterdam, Orascom said in a statement. It did not give a price for the deal.
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