OCI NV agreed to sell its US crop nutrient business to Koch Industries for $3.6 billion, the second disposal in a matter of days by the chemicals company, which is under pressure from an activist investor. OCI shares jumped as much as 12%.
Koch Ag & Energy Solutionswill buy Iowa Fertilizer Co. following a competitive sale process, Amsterdam-based OCI said Monday, confirming an earlier Bloomberg News report. OCI last week said it would sell its half of crop-nutrient business Fertiglobe Plc to state-owned energy giant Abu Dhabi National Oil Co. for $3.6 billion.
Amsterdam-listed OCI joins a wave ...
