OCI Acquires Majority Stake in GLAS in £55 Million Deal

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Part of a Broader Investment Push

The GLAS deal fits into OCI’s broader strategy of assembling a diversified portfolio of mid-market businesses. In recent months, the firm agreed to invest up to £13 million in yacht racing team Athena Racing and disclosed the acquisition of a majority stake in Spanish padel racket maker Nox.

OCI declined to comment further. Global Loan Agency did not immediately respond to a request for comment.