{"id":548449,"date":"2022-08-09T03:45:37","date_gmt":"2022-08-09T03:45:37","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/08\/09\/ifc-sells-down-stake-in-national-printing-company\/"},"modified":"2022-08-09T03:45:37","modified_gmt":"2022-08-09T03:45:37","slug":"ifc-sells-down-stake-in-national-printing-company","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/08\/09\/ifc-sells-down-stake-in-national-printing-company\/","title":{"rendered":"IFC sells down stake in National Printing Company"},"content":{"rendered":"<p><a class=\"content-anchor\" id=\"tldr-story-03\"><\/a> <strong>The International Finance Corporation (IFC) has offloaded its entire 14% stake in <\/strong><strong>National Printing Company<\/strong> in an EGP 175.9 mn transaction, <a href=\"https:\/\/bit.ly\/3JBUsXQ\">Al Mal<\/a> reports, citing sources familiar with the matter. The multilateral lender reportedly sold 10% back to the company and the other 4% to majority shareholder and Qalaa Holdings subsidiary Grandview, the people said. The IFC has been a shareholder in the company since 2010 when it <a href=\"https:\/\/disclosures.ifc.org\/project-detail\/SPI\/28332\/el-shorouk-motaheda\">invested USD 10 mn<\/a> to back the construction of a cardboard factory.<\/p>\n<p><strong>Background:<\/strong> National Printing Company was set up by Grandview and Shorouk Group founder Ibrahim El Moallem in 2006. Grandview now owns <a href=\"http:\/\/www.qalaaholdings.com\/en\/printpackaging#about\">around 57%<\/a> of the company following the transaction and the remainder is owned by Moallem, according to the newspaper.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The International Finance Corporation (IFC) has offloaded its entire 14% stake in National Printing Company in an EGP 175.9 mn transaction, Al Mal reports, citing sources familiar with the matter. The multilateral lender reportedly sold 10% back to the company and the other 4% to majority shareholder and Qalaa Holdings subsidiary Grandview, the people said. [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"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":[72,759,7128,2228,613],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-548449","post","type-post","status-publish","format-standard","hentry","category-ma-watch","tag-enterpriseam","tag-international-finance-corporation","tag-ma-watch","tag-national-printing-company","tag-qalaa-holdings","wpautop","entry"],"acf":{"mongo_id":"b56ba28e-fa63-46f3-8c7e-578dbec64ec8","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[548442],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>IFC sells down stake in National Printing Company - 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\/08\/09\/ifc-sells-down-stake-in-national-printing-company\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"IFC sells down stake in National Printing Company\" \/>\n<meta property=\"og:description\" content=\"The International Finance Corporation (IFC) has offloaded its entire 14% stake in National Printing Company in an EGP 175.9 mn transaction, Al Mal reports, citing sources familiar with the matter. The multilateral lender reportedly sold 10% back to the company and the other 4% to majority shareholder and Qalaa Holdings subsidiary Grandview, the people said. [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2022\/08\/09\/ifc-sells-down-stake-in-national-printing-company\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2022-08-09T03:45:37+00:00\" \/>\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\/08\/09\/ifc-sells-down-stake-in-national-printing-company\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/08\/09\/ifc-sells-down-stake-in-national-printing-company\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"IFC sells down stake in National Printing Company\",\"datePublished\":\"2022-08-09T03:45:37+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/08\/09\/ifc-sells-down-stake-in-national-printing-company\/\"},\"wordCount\":120,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"International Finance Corporation\",\"M&amp;A Watch\",\"National Printing Company\",\"Qalaa Holdings\"],\"articleSection\":[\"M&amp;A WATCH\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/08\/09\/ifc-sells-down-stake-in-national-printing-company\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2022\/08\/09\/ifc-sells-down-stake-in-national-printing-company\/\",\"name\":\"IFC sells down stake in National Printing Company - 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The multilateral lender reportedly sold 10% back to the company and the other 4% to majority shareholder and Qalaa Holdings subsidiary Grandview, the people said. 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