The Abu Dhabi National Oil Company (ADNOC) announced in a statement today, Friday, that it has agreed to purchase a stake in OCI’s fertilizer production company, Fertiglobe, for $3.62 billion, with the deal expected to be completed in 2024. With this agreement, ADNOC will become the largest shareholder in Fertiglobe, increasing its stake to 86.2%.
ADNOC Acquires New Stake for $3.62 Billion
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