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| OCI will launch the voluntary tender offer for Batıçim Cimento Orascom Construction Industries (OCI) has announced that its wholly owned subsidiary, OCI Cimento Anonim Sirketi, has received approval from the Capital Markets Board, to make a voluntary tender offer for all outstanding A and B class shares in Bati Anadolu Cimento Sanayii Anonim Sirketi that OCI does not currently own for a minimum price of YTL 11.50 per class B share and YTL 1,880 per class A share each based on a nominal value of YTL 1 per share. OCI Cimento has issued a formal disclosure to the Istanbul Stock Exchange indicating that the tender call will begin on 29 March 2007 at 9:00 am and end on 12 April 2007 at 5:00 pm. write your comments about the article :: © 2007 Construction News :: home page |