Amsterdam-headquartered OCI Global has reached an agreement to sell its entire ammonia logistics business to European nitrogen products manufacturer Agrofert for €290m.
The company is selling 100% of its equity interests in OCI Ammonia Holding B.V. (OCI AH) to Agrofert.
OCI AH owns both OCI Terminal Europoort B.V. (OTE) – OCI’s ammonia import and storage terminal in Rotterdam – and OCI Ammonia Distribution B.V. – OCI’s ammonia distribution platform, serving third party off-site European customers.
The transaction between OCI Global and Agrofert is expected to close in the first half of 2026, subject to satisfaction of certain regulatory approvals, other customary closing procedures, and OCI N.V. shareholder approval at an extraordinary general meeting to be convened.
OCI Nitrogen – OCI’s production facility in Geleen – will continue to have access to OTE via a throughput agreement, ensuring ammonia sourcing flexibility.
However, OCI noted that it is still “evaluating strategic options” for its production facility in Geleen and will “update the market in due course.”
OCI Global, Euronext-listed, is a global producer and distributor of nitrogen products.
