{"id":548069,"date":"2022-07-25T04:00:22","date_gmt":"2022-07-25T04:00:22","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/07\/25\/eipico-waiting-on-up-pharma-dd-clearance-agthia-hasnt-yet-submitted-a-bid-to-acquire-obourland\/"},"modified":"2022-07-25T04:00:22","modified_gmt":"2022-07-25T04:00:22","slug":"eipico-waiting-on-up-pharma-dd-clearance-agthia-hasnt-yet-submitted-a-bid-to-acquire-obourland","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/07\/25\/eipico-waiting-on-up-pharma-dd-clearance-agthia-hasnt-yet-submitted-a-bid-to-acquire-obourland\/","title":{"rendered":"EIPICO waiting on UP Pharma DD clearance + Agthia hasn\u2019t (yet?) submitted a bid to acquire Obourland"},"content":{"rendered":"

UP Pharma is still studying EIPICO\u2019s takeover bid:<\/strong> Upper Egypt Pharma (UP<\/a>Pharma<\/a>) has not yet given Egyptian International Pharma Industries Company (EIPICO<\/a>) the greenlight to conduct due diligence after it signaled intent to acquire 99.99%<\/a> of the company\u2019s shares in May, EIPICO said in an EGX disclosure (pdf)<\/a>. UP Pharma is still studying the offer, the disclosure said.<\/p>\n

Refresher: <\/strong>EIPICO\u2019s board had approved the start of procedures to potentially acquire a 99.9% stake in UP Pharma in late May. Both firms are owned by the Arab Company for Drug Industries and Medical Appliances (ACDIMA<\/a>), and the transaction would see EIPICO snag ACDIMA\u2019s stake in UP Pharma to bring it under its umbrella.<\/p>\n

OTHER M&A NEWS-<\/strong> Obourland has not received any interest or formal acquisition <\/strong>offers from Emirati food and beverage firm Agthia Group<\/strong>, the company said in an EGX disclosure (pdf)<\/a> yesterday. The denial followed reports in the local press that the ADQ-owned firm is interested in purchasing Obourland and plans to submit a non-binding offer as soon as it concludes its acquisition of Auf Group<\/a>. Agthia also denied the news to Bloomberg Asharq<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

UP Pharma is still studying EIPICO\u2019s takeover bid: Upper Egypt Pharma (UPPharma) has not yet given Egyptian International Pharma Industries Company (EIPICO) the greenlight to conduct due diligence after it signaled intent to acquire 99.99% of the company\u2019s shares in May, EIPICO said in an EGX disclosure (pdf). UP Pharma is still studying the offer, […]<\/p>\n","protected":false},"author":1,"featured_media":548070,"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":[299,2170,487,72,7128,723,1954],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-548069","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ma-watch","tag-adq","tag-agthia-group","tag-eipico","tag-enterpriseam","tag-ma-watch","tag-obour-land","tag-up-pharma","wpautop","entry"],"acf":{"mongo_id":"4cf6bbcb-da81-4b79-ba24-ad978bf51e69","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2022\/7\/257.jpg","photo_position":"above","related_issue":[548057],"teaser":"","voice_url":""},"yoast_head":"\nEIPICO waiting on UP Pharma DD clearance + Agthia hasn\u2019t (yet?) submitted a bid to acquire Obourland - 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\/07\/25\/eipico-waiting-on-up-pharma-dd-clearance-agthia-hasnt-yet-submitted-a-bid-to-acquire-obourland\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"EIPICO waiting on UP Pharma DD clearance + Agthia hasn\u2019t (yet?) submitted a bid to acquire Obourland\" \/>\n<meta property=\"og:description\" content=\"UP Pharma is still studying EIPICO\u2019s takeover bid: Upper Egypt Pharma (UPPharma) has not yet given Egyptian International Pharma Industries Company (EIPICO) the greenlight to conduct due diligence after it signaled intent to acquire 99.99% of the company\u2019s shares in May, EIPICO said in an EGX disclosure (pdf). 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The upmarket real estate developer has submitted a preliminary, non-binding offer to acquire 100% of Orascom Development Egypt (ODE) subsidiary Orascom for Real Estate (ORE), the companies said in separate exchange filings (here, pdf | here, pdf) yesterday.SODIC\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\/10\/335.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":596530,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/07\/01\/eipico-board-approves-acquisition-of-9-77-stake-in-medical-union-pharma\/","url_meta":{"origin":548069,"position":1},"title":"Eipico board approves acquisition of 9.77% stake in Medical Union Pharma","author":"enterpriseam admin","date":"1 July 2019","format":false,"excerpt":"M&A WATCH- Eipico looking to acquire 9.77% stake in Medical Union: Pharma player Eipico\u2019s board of directors has agreed to acquire a 9.77% stake in Medical Union Pharma (MUP) for over EGP 200 mn, sources told the local press. The stake belongs to Egylease, which is looking to increase the\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":611478,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/12\/07\/arab-sovereign-funds-in-talks-to-acquire-20-of-acdimas-pharma-ingredients-production-arm\/","url_meta":{"origin":548069,"position":2},"title":"Arab sovereign funds in talks to acquire 20% of ACDIMA\u2019s pharma ingredients production arm","author":"enterpriseam admin","date":"7 December 2023","format":false,"excerpt":"Ahead of launch, Arab SWFs are vying for a slice in ACDIMA\u2019s pharma ingredients producer: Arab sovereign funds are in talks with the Arab Company for Drug Industries and Medical Appliances (ACDIMA) to acquire a 20% share in a new subsidiary it is setting up for producing active pharma ingredients,\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\/2023\/12\/474.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":602647,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/04\/02\/eipico-to-set-up-pharma-factory-for-egp-1-bn\/","url_meta":{"origin":548069,"position":3},"title":"EIPICO to set up pharma factory for EGP 1 bn","author":"enterpriseam admin","date":"2 April 2019","format":false,"excerpt":"ACDIMA subsidiary the Egyptian International Pharma. Industries Company (EIPICO) is planning to set up a biosimilar production facility at a cost of up to EGP 1 bn, Al Mal reports. EIPICO is expecting to soon finalize procedures to acquire a 10k sqm land plot in 10th of Ramadan for the\u2026","rel":"","context":"In "Health + Education"","block_context":{"text":"Health + Education","link":"https:\/\/enterpriseam.com\/egypt\/category\/health-education\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":546730,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/05\/26\/qatari-dairy-outfit-baladna-ups-its-stake-in-juhayna\/","url_meta":{"origin":548069,"position":4},"title":"Qatari dairy outfit Baladna ups its stake in Juhayna","author":"enterpriseam admin","date":"26 May 2022","format":false,"excerpt":"Baladna buys more JUFO shares: Qatari dairy firm Baladna raised its stake in EGX-listed dairy company Juhayna to 10.14% from 9.99% in a EGP 12.4 mn transaction, according to a disclosure (pdf) to the EGX yesterday. The firm bought a total of 1.4 mn shares in Juhayna, at an average\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\/5\/347.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":550370,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/10\/25\/saudi-wealth-fund-acquires-minority-stake-in-eipico\/","url_meta":{"origin":548069,"position":5},"title":"Saudi wealth fund acquires minority stake in EIPICO","author":"enterpriseam admin","date":"25 October 2022","format":false,"excerpt":"PIF now owns a slice of EIPICO: Saudi Arabia\u2019s sovereign wealth fund is strengthening its position in Egypt\u2019s pharma sector, acquiring a 4.7% stake in EGX-listed Egyptian Pharma Company (EIPICO), Al Mal reports, citing sources it says are in the know. The Public Investment Fund (PIF) reportedly purchased some 4.7\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\/10\/325.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/548069","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=548069"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/548069\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/548057"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/548070"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=548069"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=548069"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=548069"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=548069"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=548069"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}