Author Archives: enterpriseam admin

IPO WATCH- CI Capital announced today that it plans to sell 246.9 mn ordinary shares, or 43.6% of the company, on the EGX. The IPO will consist of an international offering to global and local institutional investors and a retail offering here in Egypt at a price to be determined following the book-building process, the […]

IPO WATCH- Our friends at B Investments aim to conclude their sale of 27% of the company’s shares on 29 March: Trading in BPE Holding for Financial Investments (better known as B Investments) shares will begin on 29 March, the company said on Wednesday, according to Reuters. The company is selling 43 mn shares, good […]

IPO WATCH- Arabia Group for Real Estate Investment is looking to list 20-30% of its shares on the EGX by year’s end, Chairman Tarek Shoukry said, Youm7 reports. The planned IPO is meant to raise the company’s capital to finance future projects and expansions and currently remains under study. The company has also yet to […]

MENA IPO activity surged 60% y-o-y in volume terms in 4Q2017, with eight transactions for the quarter (six in the GCC alone), according to EY’s Q4 2017 MENA IPO Eye report picked up by the Saudi Gazette. IPO value amounted to USD 2.5 bn in 4Q2017, over ten times the capital raised last year. The […]

M&A WATCH- Ezdehar Egypt, NBK Capital bidding for controlling stake in Misr Cafe? Our friends at Ezdehar Egypt Mid-Cap Fund and NBK Capital Partners are said to be bidding to acquire a controlling stake in instant coffee maker Misr Cafe, sources close to the matter tell Al Mal. Talks are at an early stage and […]

M&A WATCH- EBRD looking to acquire non-controlling stake in Wadi Degla Holding. The European Bank for Reconstruction and Development (EBRD) is looking to acquire a non-controlling stake in Wadi Degla Holding Company sometime during 1H2018, unidentified sources tell Al Borsa. Wadi Degla had reportedly been fielding offers from local investors, but stopped negotiations for reasons […]

Packaged snack food producer Edita announced signing a partnership agreement with Morocco’s Dislog Group, according to a company disclosure. The agreement follows an MoU signed between the two companies in December. According to the agreement, Edita and Dislog will start a snack food factory in Morocco under a greenfield investment. Our friend Hani Berzi, Edita’s […]

The Supply Ministry is looking into paying bakeries a higher fee for producing subsidized bread, unidentified sources tell Al Mal. Bakeries are required to purchase the raw materials for bread, including wheat and flour, at market price and then receive monetary compensation from the government for the end product. The proposal currently under study would […]

Some bit player in Israel with rights to Aphrodite is trying to block a potential gas import agreement between Egypt and Cyprus, Cyprus Mail reports. Israel Opportunity, one of the partners in the Ishai field — located on the Israeli side of Cyprus’ Aphrodite reservoir — has written to the Israeli government urging it to […]

ELECTION UPDATE- The presidential election gets underway tomorrow when Egyptians living abroad begin casting their ballots at embassies and consulates. Egyptians living in Syria, Yemen, Somalia, Libya, and the Central African Republic will not be able to vote due to instability in those countries, Ahram Gate reports. President Abdel Fattah El Sisi has urged the […]