Adnoc and OCI prepare to list fertiliser joint venture

Adnoc and OCI prepare to list fertiliser joint venture

Abu Dhabi National Oil Company and its business partner OCI are preparing for a potential listing of Fertiglobe, their fertiliser manufacturing joint venture.

Adnoc holds a 42 per cent stake in the company, known as Fertiglobe, with OCI retaining the majority 58 per cent interest. OCI is listed on the Euronext Amsterdam exchange and has Egyptian billionaire Nassef Sawiris as its biggest shareholder. Microsoft founder Bill Gates also owns a 6 per cent stake in the company.