BESIX Group N.V / S.A., together with its subsidiaries, engages in construction contracting, real estate, and concessions businesses. Its contracting business unit engages in the provision of construction and related resources for buildings, marine works, infrastructures, environment, sports and leisure, and industrial projects, as well as roads. The company’s real estate business unit develops residential projects, offices, supermarkets, shopping malls, and mixed projects, as well as engages in pre-construction sales. Its Concessions and Assets business unit offers public authorities projects that include the design and maintenance of the finished projects, such as building, speedway, and t...
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Founded in 1909
OCI N.V. Mulls IPO Of BESIX
May 23 14
OCI N.V. (ENXTAM:OCI) is considering taking part of his construction business public in Cairo, according to four people with knowledge of the matter. Nassef Sawiris, Chief Executive Officer of OCI N.V., sent requests for proposals to local and international banks for the potential sale, the people said, asking not to be identified because the talks are private. The transaction may be valued at about $300 million, three of the people said. Sawiris’ potential IPO comes as OCI N.V., which has interests in fertilizers, chemicals and construction, seeks to sell its 50% in the BESIX. OCI NV declined to comment and Sawiris couldn’t immediately be reached for comment.