Amsterdam-listed OCI said on Thursday it planned to spin off its construction and engineering business and list it on stock markets in Egypt and the UAE in the first quarter of 2015.
The new company is expected to be named Orascom
Mondelēz International, the snack-food spin-off from Kraft Foods and one of the world’s leading makers of chocolates, biscuits, gum and candy, said it is celebrating its launch as a new company with special events in the GCC region.
Orascom Telecom hopes to complete a spin-off of businesses not included in a takeover by Vimpelcom by year-end, its executive chairman said, playing down the risks from a legal challenge by some shareholders.
Under the $6 billion deal with