{"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":546730,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/05\/26\/qatari-dairy-outfit-baladna-ups-its-stake-in-juhayna\/","url_meta":{"origin":548069,"position":2},"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":3},"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":[]},{"id":591940,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/12\/22\/eipico-acquires-a-10-stake-in-medical-union\/","url_meta":{"origin":548069,"position":4},"title":"Eipico acquires a 10% stake in Medical Union","author":"enterpriseam admin","date":"22 December 2019","format":false,"excerpt":"M&A WATCH- Eipico acquires a 10% stake in Medical Union: Pharma player Eipicohas acquired a 10% stake in Medical Union Pharma for EGP 210 mn, sources close to the matter tell Al Mal. The company bought 4.8 mn shares that were previously owned by Egyleaseas part of its exit from\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":561190,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/03\/29\/eipico-appoints-ahmed-kilani-as-chairman-and-managing-director\/","url_meta":{"origin":548069,"position":5},"title":"EIPICO appoints Ahmed Kilani as chairman and managing director","author":"enterpriseam admin","date":"29 March 2021","format":false,"excerpt":"MOVES- Ahmed Saeed Kilani has been named chairman and managing director of EIPICO (the Egyptian International Pharma Industries), the company said in an EGX filing (pdf). Kilani is currently a board member of the Federation of Egyptian Industries (where he heads the food supplement division) and serves as the chairman\u2026","rel":"","context":"In "Moves"","block_context":{"text":"Moves","link":"https:\/\/enterpriseam.com\/egypt\/category\/newsmakers\/moves\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","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}]}}