BultiesBrothers schreef op 14 februari 2024 19:47:
Voor mensen die het FT artikel hebben gelezen over Sawiris. Dit is de belangrijkste zin uit dat interview:
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OCI’s board in May approved a strategic review of all business lines as well as its listing venue of the Netherlands after Ubben bought a 5 per cent stake and pressed the group to explore options, including asset sales to improve shareholder returns.
By the end of the year OCI had agreed to offload two fertiliser holdings for about $3.6bn apiece, to the Abu Dhabi National Oil Company and Koch Industries of the US.
Sawiris said Ubben, who was “not hostile at all”, had written a letter explaining how OCI’s market value was far less than the sum of its parts.
“So I told him, actually, the letter makes sense,” he said, adding that “ultimately we went along with Jeff’s recommendation. Within six months we had executed those two transactions,
and there’s more to come.”