CRobertson/iStock Editorial via Getty Images I am not American, and I know very little about horse racing. Because of that, I basically didn't know what the Kentucky Derby was, and what I did know was quite superficial. So, when I started the analysis of Churchill Downs Incorporated ( CHDN ) (which I will occasionally call CDI throughout the article), I first tried to understand the company’s asse...
CRobertson/iStock Editorial via Getty Images I am not American, and I know very little about horse racing. Because of that, I basically didn't know what the Kentucky Derby was, and what I did know was quite superficial. So, when I started the analysis of Churchill Downs Incorporated ( CHDN ) (which I will occasionally call CDI throughout the article), I first tried to understand the company’s assets and how this business model works, and everything surprised me very positively. From the moats to the financials and the valuation, the Churchill Downs case is very complete and passes pretty much all my criteria for being a good equity case for the long term, especially with this compounding potential. Therefore, I initiate my coverage with a buy. My Surprise With Churchill Downs Well, as I mentioned, before the analysis I went to familiarize myself more with what Churchill Downs really was, and the main asset is the Kentucky Derby, which CDI speaks about with great pride. Little by little, I began to understand the reason for this “pride.” The full race of the 2025 Kentucky Derby has more than 2M views on YouTube, and looking back at previous races like the one in 2022, we are talking about almost 9M views. Even if it is not that much compared to other sports, it's already a very high figure. This is visible in Churchill's key performance indicators (KPI). Both peak viewership and average viewership increased YoY in 2025, with hundreds of millions in revenue that also grew healthily during the year. It truly is a unique asset: 150 years of tradition, diverse forms of revenue (gaming, tickets, sponsorships, and so on). CDI Presentation And when I saw this, some doubts came to mind. I mean, this is great, and it's good that it is growing organically, but should I assume that this is a business meant to grow the same as inflation? That is, even if more people get interested, I don't think it's anyone's base case for horse racing to become as popular as soccer. So with an ...
Standard Life press release ( PNXGF ): FY 23% IFRS adjusted operating profit growth in our capital-light fee-based business to £389m driven by 7% growth in average assets under administration (‘AUA’) to £204.6bn (FY 2024: £191.5bn) and cost efficiencies driving a 2bps margin improvement to 19bps (FY 2024: 17bps). 13% Operating Cash Generation1 (‘OCG’) growth to £396m (FY 2024: £350m). Workplace ne...
Standard Life press release ( PNXGF ): FY 23% IFRS adjusted operating profit growth in our capital-light fee-based business to £389m driven by 7% growth in average assets under administration (‘AUA’) to £204.6bn (FY 2024: £191.5bn) and cost efficiencies driving a 2bps margin improvement to 19bps (FY 2024: 17bps). 13% Operating Cash Generation1 (‘OCG’) growth to £396m (FY 2024: £350m). Workplace net inflows of £5.3bn (FY 2024: £5.3bn) comprised £10.0bn gross inflows (FY 2024: £9.3bn); new Workplace members up 14% in 2025 to 247k, total Workplace customers 3 million. Retail net outflows6 improved to £7.8bn (FY 2024: £8.6bn) reflecting retail strategy green shoots. The Board is recommending a 2.6% increase in the Final 2025 dividend to 28.05p per share; Total dividend 55.40p per share (FY 2024: 54.00p per share). More on Standard Life plc Historical earnings data for Standard Life plc Dividend scorecard for Standard Life plc Financial information for Standard Life plc
The war in the Middle East is causing unprecedented turmoil in oil markets, supercharging shares in European energy companies that are expected to benefit from higher prices while turning other stocks into laggards. While much depends on how the Iran conflict develops, investors have so far flocked to companies that are in a position to capitalize on higher refining margins and product prices in E...
The war in the Middle East is causing unprecedented turmoil in oil markets, supercharging shares in European energy companies that are expected to benefit from higher prices while turning other stocks into laggards. While much depends on how the Iran conflict develops, investors have so far flocked to companies that are in a position to capitalize on higher refining margins and product prices in Europe. The Stoxx 600 energy sector index has climbed 6% since the war broke out. “While almost all companies in the sector will benefit, relative performance within the energy sector will depend to an extent on the outcome of the conflict and the impact on the various commodities,” Berenberg analysts including Henry Tarr wrote in a note. Yet within the broader universe of European energy companies, some stocks are selling off. Shares in infrastructure firms with significant operations in the region have declined, along with some renewables and clean-energy stocks that stand to lose from higher inflation and borrowing costs. With few signs of de-escalation and Brent crude prices at $ 106 a barrel, here’s a look at how energy-related stocks are faring: Oil and Gas Repsol SA is a top pick at Berenberg, with analysts saying the Spanish oil and gas firm is poised to benefit from prices that could stay high beyond the end of the conflict because refineries have been damaged. The company has no production operations in the Middle East. Shares in others firms with little or no regional exposure, including Equinor ASA and Galp Energia SGPS SA, had raked in double-digit percentage gains through the end of last week. Simon Wong , a portfolio manager at Gabelli Funds, said that Equinor and Repsol are relatively unhedged, allowing them to capture more of the upside from higher energy prices. Read more: Global LNG Hunt Intensifies as Middle East War Cuts Supply Other companies have significant operations in the region, which helps explain the difference in share price performance. TotalE...
Investors are locking in on the utility sector, seeing it as a once-in-a-generation growth opportunity driven by surging electricity demand. The data centers that power modern artificial intelligence (AI) algorithms are a significant source of growing energy demand in the coming years. As a result, utility providers with substantial assets have become attractive stocks to play the AI energy boom. ...
Investors are locking in on the utility sector, seeing it as a once-in-a-generation growth opportunity driven by surging electricity demand. The data centers that power modern artificial intelligence (AI) algorithms are a significant source of growing energy demand in the coming years. As a result, utility providers with substantial assets have become attractive stocks to play the AI energy boom. Two top utility stocks investors may consider today are Constellation Energy (CEG +0.18%) and NextEra Energy (NEE +1.21%). Both utility stocks have different business models that cater to very different risk tolerances and investment styles. If you're weighing an investment between these two stocks, here's what you need to know today. Utilities are major providers of nuclear and renewable energy Constellation Energy focuses on nuclear energy and is the largest nuclear power plant operator in the U.S. today. Its nuclear fleet can provide baseload, carbon-free power, which appeals to hyperscalers who need reliable energy 24/7. In recent years, the company has entered into power purchase agreements with Microsoft to restart Three Mile Island Unit 1 (now known as the Crane Clean Energy Center) and with Meta Platforms for nuclear energy from its Clinton Power Station in Illinois. Expand NASDAQ : CEG Constellation Energy Today's Change ( 0.18 %) $ 0.55 Current Price $ 302.10 Key Data Points Market Cap $109B Day's Range $ 298.94 - $ 308.53 52wk Range $ 161.35 - $ 412.70 Volume 74K Avg Vol 3.6M Gross Margin 17.35 % Dividend Yield 0.53 % NextEra Energy's specialty is renewables, and it is the largest producer of wind and solar power in the U.S. as well as a leader in battery storage. The company also has nuclear plants in Florida, New Hampshire, and Wisconsin and has entered a 25-year agreement with Alphabet's Google to restart the Duane Arnold nuclear plant in Iowa. The contrasting business models of Constellation Energy and NextEra Energy Constellation Energy is an independent pow...
Since OpenAI commercially launched ChatGPT on Nov. 30, 2022, shares of semiconductor stock Nvidia (NVDA 1.56%) have risen 977%. This spectacular rise propelled Nvidia's market cap well north of $4 trillion -- making it the most valuable company in the world. While Nvidia's gains throughout the artificial intelligence (AI) revolution have been historic, smart investors understand that the company's...
Since OpenAI commercially launched ChatGPT on Nov. 30, 2022, shares of semiconductor stock Nvidia (NVDA 1.56%) have risen 977%. This spectacular rise propelled Nvidia's market cap well north of $4 trillion -- making it the most valuable company in the world. While Nvidia's gains throughout the artificial intelligence (AI) revolution have been historic, smart investors understand that the company's rally is just getting started. Let's dig into the tailwinds fueling Nvidia's current trajectory and explore some of the company's major catalysts going forward. From there, I'll assess the company's valuation profile and make the case for why Nvidia looks like a no-brainer stock to buy hand over fist right now. How is Nvidia growing so fast? During fiscal 2026 (which ended in late January), Nvidia generated $216 billion in revenue -- up 65% year over year. The company's largest source of sales stemmed from its data center business. AI hyperscalers, including Microsoft, Alphabet, Amazon, and Meta Platforms, have spent unprecedented sums on infrastructure over the last few years. What's more is that these investments are accelerating -- with big tech projected to spend over $600 billion on capital expenditures (capex) in 2026. Nvidia's Blackwell graphics processing units (GPUs) and CUDA software ecosystem have become staples in data centers -- cementing the company as a core architect in the training and inferencing of next-generation AI models. With that said, many of these big tech developers are also exploring designing their own custom silicon architectures. While that may initially appear to be a headwind for Nvidia's chip empire, the company is positioned strategically to grow well beyond the world of data centers. Expand NASDAQ : NVDA Nvidia Today's Change ( -1.56 %) $ -2.87 Current Price $ 180.28 Key Data Points Market Cap $4.4T Day's Range $ 179.94 - $ 186.10 52wk Range $ 86.62 - $ 212.19 Volume 6M Avg Vol 175M Gross Margin 71.07 % Dividend Yield 0.02 % What opportu...
Where The Super Rich Reside According to the Forbes World's Billionaires List of 2026 , many of the world's richest people are citizens of the United States . As Statista's Katharina Buchholz shows in the following chart, the country counted 989 billionaires per the list's last release Tuesday. This is far ahead of the second-ranked country, China (with 610) and third-placed India with 229. You wi...
Where The Super Rich Reside According to the Forbes World's Billionaires List of 2026 , many of the world's richest people are citizens of the United States . As Statista's Katharina Buchholz shows in the following chart, the country counted 989 billionaires per the list's last release Tuesday. This is far ahead of the second-ranked country, China (with 610) and third-placed India with 229. You will find more infographics at Statista According to Forbes, 390 new billionaire were minted in the last year, translating into more than one a day and pushing up the number of billionaires worldwide to more than 3,400. This included the first billionaires from Afghanistan and Pakistan. Despite coming from neighboring countries, the two men's success stories are different. While Afghan national Mirwais Azizi is a 63-year-old real estate developer based in Dubai, Pakistan's Sualeh Asif is only 26 and co-founded AI coding tool Cursor in the U.S. with three friends from MIT. After the U.S., China and India, Germany has the biggest number of billionaires at 212, followed by Russia at 147. Also new on the list in 2026 are well-known celebrities like singer Beyonce Knowles-Carter, tennis player Roger Federer, rapper Dr. Dre and movie director James Cameron. Other notable female newcomers include China’s Zhou Xiaoping, who is the cofounder of Changzhou Xingyu Automotive Lighting Systems and entered the list with the highest female self-made fortune of 2026 ($3.8 billion), as well as Amelie Voigt Trejes, the world's youngest billionaire ever at 20 after inheriting part of a family fortune from her grandfather, the cofounder of Brazilian electrical equipment company WEG. 2026 also saw a new all-time youngest self-made billionaire in Surya Midha. The 22-year old American with India n roots cofounded AI recruiting tool Mercor with two university friends just slightly older. Another Brazilian, Luana Lopes Lara, is now the youngest ever self-made female billionaire at 29 after cofounding ...
Key Points Constellation Energy and NextEra Energy are two major utilities with different risk profiles. Constellation operates as an independent power producer, providing higher earnings potential but also greater volatility. NextEra is a regulated utility, and its stable model provides investors with predictable income. 10 stocks we like better than Constellation Energy › Investors are locking i...
Key Points Constellation Energy and NextEra Energy are two major utilities with different risk profiles. Constellation operates as an independent power producer, providing higher earnings potential but also greater volatility. NextEra is a regulated utility, and its stable model provides investors with predictable income. 10 stocks we like better than Constellation Energy › Investors are locking in on the utility sector, seeing it as a once-in-a-generation growth opportunity driven by surging electricity demand. The data centers that power modern artificial intelligence (AI) algorithms are a significant source of growing energy demand in the coming years. As a result, utility providers with substantial assets have become attractive stocks to play the AI energy boom. Two top utility stocks investors may consider today are Constellation Energy (NASDAQ: CEG) and NextEra Energy (NYSE: NEE). Both utility stocks have different business models that cater to very different risk tolerances and investment styles. If you're weighing an investment between these two stocks, here's what you need to know today. Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need. Continue » Utilities are major providers of nuclear and renewable energy Constellation Energy focuses on nuclear energy and is the largest nuclear power plant operator in the U.S. today. Its nuclear fleet can provide baseload, carbon-free power, which appeals to hyperscalers who need reliable energy 24/7. In recent years, the company has entered into power purchase agreements with Microsoft to restart Three Mile Island Unit 1 (now known as the Crane Clean Energy Center) and with Meta Platforms for nuclear energy from its Clinton Power Station in Illinois. NextEra Energy's specialty is renewables, and it is the largest producer of wind and solar power in the U.S. as wel...
Pure Storage is now Everpure. The name change is more than just a rebrand; it's a signal to the market of how the firm is positioning itself as AI progresses.
Pure Storage is now Everpure. The name change is more than just a rebrand; it's a signal to the market of how the firm is positioning itself as AI progresses.
Neilson Barnard/Getty Images Entertainment Icahn Enterprises Summary & Buy Thesis Icahn Enterprises ( IEP ) is a diversified holding company owning subsidiaries across the investment, energy, automotive, food packaging, real estate, home fashion, and pharma industries. Founded and operated by the infamous billionaire Carl Icahn, IE seeks to find undervalued companies in the Graham & Dodd tradition...
Neilson Barnard/Getty Images Entertainment Icahn Enterprises Summary & Buy Thesis Icahn Enterprises ( IEP ) is a diversified holding company owning subsidiaries across the investment, energy, automotive, food packaging, real estate, home fashion, and pharma industries. Founded and operated by the infamous billionaire Carl Icahn, IE seeks to find undervalued companies in the Graham & Dodd tradition. The Company owns both private and public investment stakes, most notably in CVR Energy, Inc. IE has struggled over the past decade as its real estate portfolio has struggled, producing net losses in the past years. Many investors continue to question the validity of activist investors and their ability to produce alpha for their shareholders. Strong Dividend and Industrials Strength IE pays its shareholders a handsome dividend of 50c per quarter, which represents a 26.14% annual dividend yield. Despite lowering its dividend in past years to improve its FCF, the Company's depressed share price has bolstered its dividend returns. Recent operating performance has highlighted a potential turnaround in the works. Additionally, the recent oil price shock and underlying strength in industrials have bolstered its holding companies and public investments. CVR Energy, Inc. ( CVI ) is up ~40% since February 2026. Despite energy and industrials sector strength, IE is only up ~2.5% YTD. Recent Operating Results Highlight Strong Cash Position and Potential Turnaround Q4 2025 net income attributable to IEP was ~$1M, compared to a net loss of $98M in Q4 2024. The majority of this income came from its investment segment, which comprises various private investment funds. Its other operating segments, including real estate and energy, reported lackluster results. However, the Company continues to produce strong cash flow and has bolstered its balance sheet in recent quarters. IE's energy Adjusted EBITDA decreased by $48 million to $51M for Q4 2025 compared to $99M in Q4 2024. With the sharp...
Robert Way China's Alibaba Group ( BABA ) is set to launch an agentic AI service tailored for enterprise as soon as this week, Bloomberg reported, citing people familiar with the matter. The enterprise-focused AI agent product aims to help companies deploy task-performing assistants amid China's surging interest in AI agents like OpenClaw. The tool, built on Alibaba's ( BABA ) Qwen model, aims to ...
Robert Way China's Alibaba Group ( BABA ) is set to launch an agentic AI service tailored for enterprise as soon as this week, Bloomberg reported, citing people familiar with the matter. The enterprise-focused AI agent product aims to help companies deploy task-performing assistants amid China's surging interest in AI agents like OpenClaw. The tool, built on Alibaba's ( BABA ) Qwen model, aims to gradually integrate with services such as online shopping site Taobao and fintech platform Alipay, the report added. It remains unclear how the Chinese company ( BABA ) will charge the businesses for this offering or to what extent it will integrate other in-house services. This rollout is part of a broader push by Alibaba ( BABA ) to strengthen its AI and cloud ecosystem and keep pace with a fast-moving domestic AI race. The team behind Alibaba's ( BABA ) communication platform, DingTalk, worked on the development of this tool. Recently, AliCloud ( BABA ) launched a dedicated mobile app, 'JVS Claw'—an AI intelligent body platform—based on the open-source OpenClaw framework that allows users to install and deploy OpenClaw within minutes. CEO Eddie Wu had promised over $53B of investment in AI last year after declaring artificial general intelligence (AGI) as the company’s top strategic objective. Since then, Alibaba ( BABA ) has reported triple-digit growth in its AI-related businesses, albeit from a relatively small base. More on Alibaba Alibaba's Q3 Earnings Could Trigger A Rebound (Preview) Alibaba: Macro Perspective On An 'Uninvestable' Stock From Deep Value To High Growth - Rethinking My Alibaba Position Earnings week ahead: FDX, BABA, XPEV, MU, GIS, DOCU, OKLO, ACN, and more Alibaba debuts OpenClaw app, intensifying China’s agentic AI race after Baidu’s DuClaw launch
The European Union is considering measures from carbon market changes to cutting energy taxes to curb prices boosted by the Middle East conflict, as concerns mount over their economic impact and increasing risks to supplies. European Commission President Ursula von der Leyen outlined on Monday options to lower power costs in a letter to the heads of government before their March 19 gathering. Her ...
The European Union is considering measures from carbon market changes to cutting energy taxes to curb prices boosted by the Middle East conflict, as concerns mount over their economic impact and increasing risks to supplies. European Commission President Ursula von der Leyen outlined on Monday options to lower power costs in a letter to the heads of government before their March 19 gathering. Her blueprint came after energy ministers representing the bloc’s 27 member states discussed prices as a precursor to the leaders summit. At stake is both the future of the European transition to a clean economy and a push to boost the competitiveness of the region’s heavy industry, which has blamed high energy costs for its weakening position against rivals from the US and China. EU governments are also concerned about the impact of the Iran war on inflation and a backlash from voters if the crisis hits heating and transport bills. “The most urgent matter, from both a competitiveness and an independence perspective is energy, in particular oil and gas,” von der Leyen wrote in the letter. “At present, the physical security of supply of the European Union is assured. But the increase of fossil fuel prices is already weighing on our economy.” The EU should address four components that determine electricity prices, she said. Those are the costs of power itself, grid charges, taxes and levies and carbon costs. Read More: EU Weighs Looser Carbon Rules, State Aid to Cut Energy Costs To decouple industrial power prices from more volatile wholesale markets, the commission will promote the use of Power Purchase Agreements and contracts for difference for all low-carbon generation capacities, according to the letter. The commission also highlighted the existing possibility for member states to offer electricity price relief to energy-intensive industries and use state aid to compensate for up to 80% of indirect carbon costs. Another tool that von der Leyen flagged is subsidizing or cappi...
Malaysian construction giant Sunway Bhd. ’s 11 billion ringgit ($2.8 billion) takeover bid for IJM Corp Bhd. faces growing uncertainty after the target’s board and an independent adviser urged shareholders to reject the offer, citing valuation concerns. Analysts are divided on how investors should respond. IJM’s board backed an assessment by independent adviser M&A Securities, saying in a circular...
Malaysian construction giant Sunway Bhd. ’s 11 billion ringgit ($2.8 billion) takeover bid for IJM Corp Bhd. faces growing uncertainty after the target’s board and an independent adviser urged shareholders to reject the offer, citing valuation concerns. Analysts are divided on how investors should respond. IJM’s board backed an assessment by independent adviser M&A Securities, saying in a circular that the proposal was “NOT FAIR and NOT REASONABLE.” The board “unanimously recommends” that shareholders reject the offer, it said in the circular published on the Malaysian stock exchange on Friday. IJM rose as much as 3.9% on Monday, trimming its losses to about 15% since the bid was announced in January. Sunway has fallen about 7% over the same period and was little changed on Monday. Kenanga Research maintained its view that investors should reject the bid, saying the offer undervalues IJM’s growth trajectory, analyst Teh Kian Yeong said in a report on Monday. CIMB Securities advised investors to hold out for a better offer, noting Sunway’s bid price is about 10% below its 3.50 ringgit target for IJM shares. Multiple analysts noted that IJM has revealed plans to list its construction business down the road and to monetize its assets. “IJM’s latest proposals provide another pathway to unlock its deep value, with potential upside from capital management initiatives,” analyst Kenny Mak Hoy Ken wrote in a note. Sunway’s bid for IJM could reshape Malaysia’s construction industry by combining two of the country’s largest builders and property developers. The cash-and-share offer, launched at 3.15 ringgit a share, would create one of Malaysia’s biggest construction-linked conglomerates with greater scale to compete for major infrastructure and industrial work. The proposal has faced headwinds from the outset, with scrutiny over indigenous equity ownership requirements as well as an alleged corruption probe involving IJM. The takeover would also rank among the country’s large...
The S&P 500 (^GSPC 0.61%) is widely regarded as the best benchmark for the U.S. stock market because it covers about 80% of domestic equities by market value. The index is currently 5% below its record high after falling in three straight weeks. Several factors have contributed to the drawdown: President Trump's tariffs have coincided with weak gross domestic product (GDP) and jobs growth. Oil pri...
The S&P 500 (^GSPC 0.61%) is widely regarded as the best benchmark for the U.S. stock market because it covers about 80% of domestic equities by market value. The index is currently 5% below its record high after falling in three straight weeks. Several factors have contributed to the drawdown: President Trump's tariffs have coincided with weak gross domestic product (GDP) and jobs growth. Oil prices have skyrocketed to their highest levels in nearly four years. Midterm election years are fraught with policy uncertainty. The stock market is expensive by historical standards. History says the S&P 500 could decline even further in the remaining months of the year as those situations continue to develop. Here's what investors should know. President Trump's tariffs have coincided with weakness in the U.S. economy Trump has reshaped the global trade landscape by imposing sweeping tariffs on sector-specific goods and imports from most countries. "We are quickly building the greatest economy in the history of the world," he wrote in January. But that statement runs contrary to the facts. U.S. GDP increased 2.1% last year. Excluding the pandemic in 2020, that ranks as the slowest economic growth since 2016. Furthermore, U.S. employers added 181,000 jobs last year. Excluding the pandemic, that ranks as the slowest labor market growth since 2009. Neither figure paints the picture of a booming economy. Soaring oil prices could become another economic headwind The U.S.-Iran war has effectively closed the Strait of Hormuz, a waterway in the Persian Gulf that carries 20% of global oil and gas supply. The number of ship transits through the strait has fallen from about 150 a day to single digits since the war began, according to The Wall Street Journal. Since late February, Brent crude oil prices (an international benchmark) have soared more than 40% to $103 per barrel, a level last seen in August 2022. U.S. consumers are already paying more at the pump. The average price for a ga...
OCI Global press release ( OCINF ): FY reported FY 2025 Total Operations (Continuing and Discontinued Operations) revenue of USD 1,605 million compared to USD 4,084 million in FY 2024. FY 2025 Total Operations adjusted EBITDA of USD 122 million compared to USD 826 million in FY 2024. OCI reported FY 2025 Continuing Operations (European Nitrogen1 and Corporate Entities segments) revenue of USD 1,08...
OCI Global press release ( OCINF ): FY reported FY 2025 Total Operations (Continuing and Discontinued Operations) revenue of USD 1,605 million compared to USD 4,084 million in FY 2024. FY 2025 Total Operations adjusted EBITDA of USD 122 million compared to USD 826 million in FY 2024. OCI reported FY 2025 Continuing Operations (European Nitrogen1 and Corporate Entities segments) revenue of USD 1,086 million, an 11% improvement YoY and an FY 2025 adjusted EBITDA of USD 46 million compared to a loss of USD 32 million in the prior year. FY 2025 adjusted EBITDA for European Nitrogen (OCI’s sole operating segment within Continuing Operations today) was USD 87 million compared to an adjusted EBITDA of USD 55 million in FY 2024. 12-month rolling recordable incident rate to 31 December 2025 was 0.27 incidents per 200,000 working hours. More on OCI N.V. Historical earnings data for OCI N.V. Financial information for OCI N.V.
(RTTNews) - OCI N.V. (OCI.AS, OCINF), a producer and distributor of natural gas-based fertilizers and industrial chemicals, said Monday that its wholly owned subsidiary, OCI Chemicals B.V., sold 3,331,346 common shares of Methanex Corp. (MX.TO, MEOH), representing about 4.3% of the company's outstanding shares. The shares were sold at $51.80 apiece through a block trade on March 13, generating net...
(RTTNews) - OCI N.V. (OCI.AS, OCINF), a producer and distributor of natural gas-based fertilizers and industrial chemicals, said Monday that its wholly owned subsidiary, OCI Chemicals B.V., sold 3,331,346 common shares of Methanex Corp. (MX.TO, MEOH), representing about 4.3% of the company's outstanding shares. The shares were sold at $51.80 apiece through a block trade on March 13, generating net proceeds of about $172.6 million after customary fees and expenses. Prior to the sale, OCI held 9,944,308 Methanex shares, representing about 12.9% of the issued and outstanding shares. Following the transaction, OCI now owns or controls 6,612,962 shares, or about 8.6% of Methanex's outstanding shares. OCI closed trading, 0.81% higher at EUR 3.7500 on the Amsterdam Stock Exchange. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.