{"id":554985,"date":"2021-11-25T13:46:31","date_gmt":"2021-11-25T13:46:31","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2021\/11\/25\/odin-to-split-into-two-companies-raya-acquires-additional-stake-in-polish-pasta-maker\/"},"modified":"2021-11-25T13:46:31","modified_gmt":"2021-11-25T13:46:31","slug":"odin-to-split-into-two-companies-raya-acquires-additional-stake-in-polish-pasta-maker","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2021\/11\/25\/odin-to-split-into-two-companies-raya-acquires-additional-stake-in-polish-pasta-maker\/","title":{"rendered":"Odin to split into two companies + Raya acquires additional stake in Polish pasta maker"},"content":{"rendered":"<p><strong>MARKET NEWS-<\/strong><\/p>\n<p><a class=\"content-anchor\" id=\"tldr-story-07\"><\/a> <strong>Odin Investments will spin off its operations into two companies<\/strong> after receiving approval from the EGX\u2019s Listing Committee today, according to <a href=\"https:\/\/ent.news\/2021\/11\/Odin-spinoff-EGX-approval.pdf\">an announcement (pdf)<\/a> from the bourse. One company will be specialized in real estate while the other will focus on financial services. Trading on Odin\u2019s shares will be paused until the transaction is completed.<\/p>\n<p><strong>Raya Holding has increased its stake in Polish pasta maker <\/strong><strong><a href=\"https:\/\/makarony.pl\/\">Makarony Polskie<\/a><\/strong><strong> to 24.38%<\/strong> after it acquired an additional 4.99% stake in the company today for USD 820k, according to a <a href=\"https:\/\/ent.news\/2021\/11\/Raya-Holding-Makarony-Polskie.pdf\">bourse disclosure (pdf)<\/a>. The transaction was executed on the Warsaw Stock Exchange where Makarony Polskie is listed.<\/p>\n<p><strong>MARKET ROUNDUP- <\/strong><\/p>\n<p><strong>The EGX30 rose 0.7% at today\u2019s close<\/strong> on turnover of EGP 1.1 bn (26.5% below the 90-day average). Regional investors were net buyers. The index is up 5.4% YTD.<\/p>\n<p><strong>In the green: <\/strong>Heliopolis Housing (+8.8%), TMG Holding (+6.4%) and Rameda (+5.7%).<\/p>\n<p><strong>In the red: <\/strong>Cleopatra Hospital (-1.5%), Speed Medical (-1.3%) and CIB (-0.7%).<\/p>\n","protected":false},"excerpt":{"rendered":"<p>MARKET NEWS- Odin Investments will spin off its operations into two companies after receiving approval from the EGX\u2019s Listing Committee today, according to an announcement (pdf) from the bourse. One company will be specialized in real estate while the other will focus on financial services. Trading on Odin\u2019s shares will be paused until the transaction [&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":[7219],"tags":[68,633,642,1165,614],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-554985","post","type-post","status-publish","format-standard","hentry","category-go-with-the-flow","tag-egx","tag-enterprisepm","tag-go-with-the-flow","tag-odin-investments","tag-raya-holding","wpautop","entry"],"acf":{"mongo_id":"ae4ba671-e824-4c17-bba4-1ebc497fad4e","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[554977],"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>Odin to split into two companies + Raya acquires additional stake in Polish pasta maker - 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\/2021\/11\/25\/odin-to-split-into-two-companies-raya-acquires-additional-stake-in-polish-pasta-maker\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Odin to split into two companies + Raya acquires additional stake in Polish pasta maker\" \/>\n<meta property=\"og:description\" content=\"MARKET NEWS- Odin Investments will spin off its operations into two companies after receiving approval from the EGX\u2019s Listing Committee today, according to an announcement (pdf) from the bourse. 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The index is up 6.28% YTD.In the green: MM Group (+11.2%), Fawry (+2.4%) and Palm Hills Development (+1.2%).In the red: Export Development Bank of Egypt (-1.7%), ElSewedy\u2026","rel":"","context":"In &quot;GO WITH THE FLOW&quot;","block_context":{"text":"GO WITH THE FLOW","link":"https:\/\/enterpriseam.com\/egypt\/category\/go-with-the-flow\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":555006,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/11\/28\/we-still-dont-know-if-ezz-steel-is-acquiring-a-stake-in-egyptian-steel\/","url_meta":{"origin":554985,"position":4},"title":"We still don\u2019t know if Ezz Steel is acquiring a stake in Egyptian Steel","author":"enterpriseam admin","date":"28 November 2021","format":false,"excerpt":"MARKET NEWS- Ezz Steel\u2019s alleged acquisition of a stake in Egyptian Steel is still unconfirmed: Early reports that Ezz Steel is eyeing Ahmed Abou Hashima\u2019s stake in Egyptian Steel emerged again in the local press, this time with sources close to the matter claiming the acquisition of the 18% stake\u2026","rel":"","context":"In &quot;GO WITH THE FLOW&quot;","block_context":{"text":"GO WITH THE FLOW","link":"https:\/\/enterpriseam.com\/egypt\/category\/go-with-the-flow\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":592645,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/11\/03\/emerald-real-estate-investment-to-list-a-stake-on-egx\/","url_meta":{"origin":554985,"position":5},"title":"Emerald Real Estate Investment to list a stake on EGX","author":"enterpriseam admin","date":"3 November 2019","format":false,"excerpt":"IPO WATCH- Odin Investments seeks to IPO subsidiary on EGX: Real estate investment firm Emerald is seeking approval from the Financial Regulatory Authority (FRA) to offer an undisclosed stake on the Egyptian Exchange (EGX), the company's major shareholder Odin Investments (which holds a 16% indirect stake in the company) said\u2026","rel":"","context":"In &quot;Speed Round&quot;","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":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/554985","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=554985"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/554985\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/afternoon\/554977"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=554985"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=554985"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=554985"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=554985"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=554985"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}