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    OCI Private Clients __OCI Agrees to Sell its Stake in Gavilon

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    Kamden White

    by Kamden White

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    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
    stakeholders.