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A public takeover process, the formal mechanism under which an outside buyer gathers shares directly from a company's existing shareholders, has produced a regulatory filing in the Netherlands.
NNS Holding (Cyprus) Limited disclosed that it acquired shares in OCI, submitting the notice as the named Offeror under Section 5, paragraph 4 of the Netherlands Decree on Public Takeover Bids (Besluit openbare biedingen Wft).
What the Dutch decree requires The Besluit openbare biedingen Wft is Dutch law governing public bids for shares in companies subject to Netherlands securities regulation.
Section 5, paragraph 4 of the Decree is the provision under which this filing was made.
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