{"id":544413,"date":"2022-03-02T04:12:01","date_gmt":"2022-03-02T04:12:01","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/03\/02\/gb-auto-mulls-selling-a-portion-of-its-stake-in-mnt-investments\/"},"modified":"2022-03-02T04:12:01","modified_gmt":"2022-03-02T04:12:01","slug":"gb-auto-mulls-selling-a-portion-of-its-stake-in-mnt-investments","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/03\/02\/gb-auto-mulls-selling-a-portion-of-its-stake-in-mnt-investments\/","title":{"rendered":"GB Auto mulls selling a portion of its stake in MNT Investments"},"content":{"rendered":"

<\/a> GB Capital is <\/strong>mulling <\/strong>a partial sale of its Netherlands-based finance subsidiary <\/strong>MNT <\/strong>Investments<\/strong>, which is majority owned by the GB Auto subsidiary, the company announced in a regulatory filing (pdf)<\/a>. The statement did not specify the number of shares GB Capital is looking to sell, but said it began considering the transaction after other MNT Investment shareholders expressed interest in selling a portion of their stakes to an unnamed investor.<\/p>\n

Who\u2019s selling?<\/strong> The company did not name the shareholders intending to sell stakes in MNT. We do know that Africa-focused private equity firm Development Partners International is among the company\u2019s current shareholders. GB Auto also sold a 5% stake to \u201cunnamed foreign investors\u201d<\/a> last year.<\/p>\n

Advisors:<\/strong> Arqaam Capital has been appointed to advise GB Capital on options to \u201cenhance the benefit of its investments and contributions in subsidiaries.\u201d.<\/p>\n

IN OTHER M&A NEWS- <\/strong><\/p>\n

Recycle Key in talks with potential partners for new factory: <\/strong>E-waste recycling company Recycle Key is in talks with three similar companies to potentially enter a joint venture set up its new EGP 200 mn recycling facility<\/a> in Sadat City\u2019s industrial zone, Al Borsa<\/a> quotes company head Mohamed Sayed as saying. Recycle Key is also in talks with Banque Misr, the National Bank of Egypt, and Suez Canal Bank to potentially finance the factory as an alternative to a JV.<\/p>\n","protected":false},"excerpt":{"rendered":"

GB Capital is mulling a partial sale of its Netherlands-based finance subsidiary MNT Investments, which is majority owned by the GB Auto subsidiary, the company announced in a regulatory filing (pdf). The statement did not specify the number of shares GB Capital is looking to sell, but said it began considering the transaction after other […]<\/p>\n","protected":false},"author":1,"featured_media":544414,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7363],"tags":[72,241,7128,1254],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-544413","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ma-watch","tag-enterpriseam","tag-gb-auto","tag-ma-watch","tag-recycle-key","wpautop","entry"],"acf":{"mongo_id":"84794a87-ed9d-46ef-b1c7-a09cd11cc644","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2022\/3\/19.jpg","photo_position":"above","related_issue":[544405],"teaser":"","voice_url":""},"yoast_head":"\nGB Auto mulls selling a portion of its stake in MNT Investments - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2022\/03\/02\/gb-auto-mulls-selling-a-portion-of-its-stake-in-mnt-investments\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"GB Auto mulls selling a portion of its stake in MNT Investments\" \/>\n<meta property=\"og:description\" content=\"GB Capital is mulling a partial sale of its Netherlands-based finance subsidiary MNT Investments, which is majority owned by the GB Auto subsidiary, the company announced in a regulatory filing (pdf). The statement did not specify the number of shares GB Capital is looking to sell, but said it began considering the transaction after other […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2022\/03\/02\/gb-auto-mulls-selling-a-portion-of-its-stake-in-mnt-investments\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2022-03-02T04:12:01+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2022\/3\/19.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/03\/02\/gb-auto-mulls-selling-a-portion-of-its-stake-in-mnt-investments\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/03\/02\/gb-auto-mulls-selling-a-portion-of-its-stake-in-mnt-investments\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"GB Auto mulls selling a portion of its stake in MNT Investments\",\"datePublished\":\"2022-03-02T04:12:01+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/03\/02\/gb-auto-mulls-selling-a-portion-of-its-stake-in-mnt-investments\/\"},\"wordCount\":237,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/03\/02\/gb-auto-mulls-selling-a-portion-of-its-stake-in-mnt-investments\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2022\/3\/19.jpg?fit=%2C&ssl=1\",\"keywords\":[\"EnterpriseAM\",\"GB Auto\",\"M&A Watch\",\"Recycle Key\"],\"articleSection\":[\"M&A WATCH\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/03\/02\/gb-auto-mulls-selling-a-portion-of-its-stake-in-mnt-investments\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2022\/03\/02\/gb-auto-mulls-selling-a-portion-of-its-stake-in-mnt-investments\/\",\"name\":\"GB Auto mulls selling a portion of its stake in MNT Investments - 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Under an agreement with \u201ccertain foreign investment funds,\u201d a GB subsidiary will sell a 5% stake in MNT Investments. The sale\u2026","rel":"","context":"In "SPEED ROUND: M&A WATCH"","block_context":{"text":"SPEED ROUND: M&A WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round-ma-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":577379,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/11\/21\/gb-auto-okays-mnt-stake-sale-after-accepting-fair-value-study\/","url_meta":{"origin":544413,"position":2},"title":"GB Auto okays MNT stake sale after accepting fair value study","author":"enterpriseam admin","date":"21 November 2022","format":false,"excerpt":"GB Auto approves MNT stake sale: GB Auto\u2019s board has greenlit plans to sell a 7.5% stake in MNT Investments to Abu Dhabi-based investment firm Chimera Investments after approving the results of a fair value study (pdf), it said in an EGX disclosure (pdf) yesterday.ICYMI- The Netherlands-incorporated fintech \u2014 majority-owned\u2026","rel":"","context":"In "M&A WATCH"","block_context":{"text":"M&A WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/ma-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/11\/319.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":578230,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/12\/20\/abu-dhabis-chimera-investments-to-acquire-45-of-gb-lease\/","url_meta":{"origin":544413,"position":3},"title":"Abu Dhabi\u2019s Chimera Investments to acquire 45% of GB Lease","author":"enterpriseam admin","date":"20 December 2022","format":false,"excerpt":"Chimera to acquire 45% of GB Lease: GB Capital has agreed to sell a 45% stake in GB Lease to our friends at Abu Dhabi-based investment firm Chimera Investments for EGP 855 mn, parent company GB Auto said in an EGX disclosure (pdf) yesterday. GB Capital will retain the remaining\u2026","rel":"","context":"In "M&A WATCH"","block_context":{"text":"M&A WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/ma-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/12\/418.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":625739,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/08\/14\/dpi-partners-with-gb-auto-on-mashroey-and-tasaheel\/","url_meta":{"origin":544413,"position":4},"title":"DPI partners with GB Auto on Mashroey and Tasaheel","author":"enterpriseam admin","date":"14 August 2018","format":false,"excerpt":"M&A WATCH- DPI partners with GB Auto on Mashroey and Tasaheel: Africa-focused private equity firm Development Partners International (DPI) is partnering with GB Auto subsidiary, GB Capital, on the latter\u2019s microfinance and consumer finance firms Mashroey and Tasaheel in a transaction worth USD 45 mn, DPI announced in a press\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":561785,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/04\/21\/aldar-to-begin-dd-on-sodic-within-days-magued-sherif\/","url_meta":{"origin":544413,"position":5},"title":"Aldar to begin DD on Sodic \u201cwithin days\u201d -Magued Sherif","author":"enterpriseam admin","date":"21 April 2021","format":false,"excerpt":"The UAE\u2019s Aldar Properties is expected to begin due diligence on EGX-listed Sodic \u201cwithin days\u201d as it seeks a majority stake in the upmarket real estate developer, SODIC chief Magued Sherif said in an interview with Al Arabiya (watch,runtime: 9:45). 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