TSX:MXChemicals
OCI Trims Methanex Stake Raising Questions On Future Alignment And Risks
OCI Global has cut its ownership in Methanex (TSX:MX) through a block trade of more than 4,000,000 shares.
The sale reduces OCI Global's stake in Methanex from 12.9% to 8.6%.
The transaction affects a major shareholder that has had meaningful influence on Methanex's shareholder base.
Methanex, trading at around CA$68.88, has reported a 23.1% gain year to date and a 29.8% return over the past year, with a 56.7% return over five years. In this context, OCI Global's decision to cut its holding...