Wednesday 30 July 2014

OCI to sell Gavilon stake for $605m

Egypt's Orascom Construction Industries (OCI) said on Tuesday it had agreed to sell its 16.8 per cent stake in US grains merchant Gavilon to Japanese trading house Marubeni for $605 million. 'The transaction is expected to close by


OCI buys into US fertilizer firm

Orascom Construction Industries (OCI) said on Thursday it paid $340 million for a 20 per cent stake in fertiliser distributor Gavilon, giving the Egyptian company greater access to US markets. Egypt's largest builder by market value said i

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