Adnoc, OCI in Talks to Combine Mideast Fertilizer Assets - Bloomberg:
Abu Dhabi National Oil Co. and Dutch chemical producer OCI NV are in advanced talks to combine their Middle Eastern fertilizer businesses, people with knowledge of the matter said.
An agreement between the state-owned energy company and OCI could be announced as soon as the coming days, the people said, asking not to be identified because the information is private.
"OCI continually considers strategic initiatives regarding its portfolio, including possible partnerships," OCI said in a statement Friday, after Bloomberg News reported on the talks. "In this context, OCI confirms that it is in discussions with ADNOC on a possible cooperation relating to each company’s MENA fertilizer assets. There can be no assurance that any transaction will ultimately take place."
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