SOURCE: Orascom Construction Inds, S.A.E.

May 29, 2012 08:02 ET

OCI Agrees to Sell its Stake in Gavilon

CAIRO, EGYPT--(Marketwire - May 29, 2012) -

                          Cairo, Egypt / 29 May, 2012 12:15 PM

OCI Fertilizer Holding Agrees to Sell its Stake in the Gavilon Group,
LLC to Japanese Trading House Marubeni Corporation

Orascom Construction Industries (OCI) announced today that its
wholly-owned subsidiary OCI Fertilizer Holding has agreed to sell its
16.8% stake in the Gavilon Group, LLC (Gavilon) to Japanese trading
house Marubeni Corporation (Marubeni). Proceeds from the transaction
amount to approximately US$ 604.8 million. Marubeni valued 100% of
Gavilon's equity at US$ 3.6 billion.

OCI initially paid US$ 340 million for their stake in July 2008.

The transaction is expected to close by September and OCI will use the
cash proceeds to finance its Fertilizer Group expansion strategy in
North America and potentially invest in other opportunities under
review. In addition, part of the proceeds will be returned to

The Fertilizer Group will maintain its existing relationship with
Gavilon under the new ownership of Marubeni in marketing fertilizer
products in North America.

About Orascom Construction Industries

OCI is one of Egypt's largest corporations employing more than 72,000
people in 35 countries around the globe. The OCI Fertilizer Group owns
and operates nitrogen fertilizer plants in Egypt, the Netherlands, the
United States, and Algeria and has an international distribution
platform spanning from the Americas to Asia. The OCI Fertilizer Group
ranks among the world's top fertilizer producers with a production
capacity which will exceed 7.0 million metric tons in 2012. The OCI
Construction Group provides international engineering and construction
services primarily on infrastructure, industrial and high-end
commercial projects in Europe, the Middle East and North Africa for
public and private clients. The OCI Construction Group ranks among the
world's top global contractors.

About The Gavilon Group LLC

The Gavilon Group, LLC is a leading commodity management firm,
connecting producers and consumers of feed, food and fuel through its
global supply chain network. Gavilon leverages its strategic
partnerships and more than 300 facilities and regional offices
worldwide to link agricultural and energy supply with demand. The
company provides origination, storage and handling, transportation and
logistics, marketing and distribution, and risk management services to
tens of thousands of customers each year. Headquartered in Omaha,
Nebraska, Gavilon employs 2,000 people around the world and is ranked
America's 19th largest private company by Forbes. For more information,
please visit .
For additional information contact:

OCI Investor Relations Department:

Omar Darwazah

Erika Wakid

Hassan Badrawi

Tel: +202 2461 1036/0727/0917
Fax: +202 2461 9409

For additional information on OCI: 

OCI stock symbols: OCIC.CA / OCIC EY / OCICqL / ORSD / ORSCY

Orascom Construction Industries (OCI)
Nile City Towers - South Tower
2005A Corniche El Nil
Cairo, Egypt

                    This information is provided by RNS
          The company news service from the London Stock Exchange


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