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Alpha Dhabi exits 11% of OCI Global’s methanol business

By Pramod Kumar
Alpha Dhabi Holding and ADQ, an Abu Dhabi sovereign fund, acquired the 15 percent stake in OCI Methanol for $375 million in February 2022 OCI Global
Alpha Dhabi Holding and ADQ, an Abu Dhabi sovereign fund, acquired the 15 percent stake in OCI Methanol for $375 million in February 2022

Alpha Dhabi Holding, the fourth most valuable listed company in Abu Dhabi, will sell its 11 percent equity stake in OCI Global’s methanol business.

The stake sale follows the acquisition of Netherlands-based OCI Methanol by Canada’s Methanex Corporation for $2 billion.

OCI Methanol is indirectly owned 85 percent by OCI Global. Alpha Dhabi Holding and ADQ, an Abu Dhabi sovereign fund, acquired the 15 percent stake for $375 million in February 2022.

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Alpha Dhabi Holding didn’t provide the financial details of the deal.

The Abu Dhabi-listed company operates in eight sectors and has more than 250 businesses across the Middle East, Europe, Asia, and North America.

In February, a joint venture between Adnoc Drilling and Alpha Dhabi said it plans to surpass its $1.5 billion investment target within the three-year timeframe initially set and is seeking acquisitions in the US and across Europe.

The transaction is expected to close in 2025, subject to regulatory approvals.

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