{"id":557705,"date":"2021-09-29T04:00:19","date_gmt":"2021-09-29T04:00:19","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2021\/09\/29\/abu-auf-could-debut-on-egx-with-49-stake-sale-in-2q2022\/"},"modified":"2021-09-29T04:00:19","modified_gmt":"2021-09-29T04:00:19","slug":"abu-auf-could-debut-on-egx-with-49-stake-sale-in-2q2022","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2021\/09\/29\/abu-auf-could-debut-on-egx-with-49-stake-sale-in-2q2022\/","title":{"rendered":"Abu Auf could debut on EGX with 49% stake sale in 2Q2022"},"content":{"rendered":"

<\/a> Healthy food brand Abu Auf\u2019s parent company AUF plans to make its EGX debut <\/strong>in 2Q2022<\/strong>, the company said in a statement (pdf)<\/a> yesterday. AUF has appointed EFG Hermes to quarterback the transaction.<\/p>\n

The company could offer up to 49% of its shares on the EGX<\/strong>, Mohamed Mahgoub, managing partner at private equity firm TCV<\/a>, which holds a significant minority stake in AUF, told us. AUF plans to use the proceeds to finance regional growth, Mahgoub said.<\/p>\n

Abu Auf in Egypt: <\/strong>The company currently has 180 branches in Egypt and more than 1k warehouses, distributed among 10 governorates. The company has recently expanded into coffee, saying it has opened a production facility to serve both domestic and export demand.<\/p>\n

Abu Auf abroad: <\/strong>The company has been exporting its products to major global markets including England, Belgium, Germany and the Netherlands. It has also been exporting to Saudi Arabia, Kuwait and the UAE, as well as Libya and Palestine.<\/p>\n

IN THE MARKET NOW- <\/strong>Meanwhile, IPO watchers are keeping a close eye on the IPO of state-owned fintech platform and payments infrastructure player e-Finance<\/a>, which is in the market now.<\/p>\n

The EGX is trying to get more companies to list on the bourse<\/strong>, recently amending listing rules<\/a> to make it easier for larger firms to go public in Egypt. Companies no longer need to offer a 25% stake and can instead sell shares equal to the 1% of the exchange\u2019s freefloat market cap.<\/p>\n","protected":false},"excerpt":{"rendered":"

Healthy food brand Abu Auf\u2019s parent company AUF plans to make its EGX debut in 2Q2022, the company said in a statement (pdf) yesterday. AUF has appointed EFG Hermes to quarterback the transaction. The company could offer up to 49% of its shares on the EGX, Mohamed Mahgoub, managing partner at private equity firm TCV, […]<\/p>\n","protected":false},"author":1,"featured_media":557706,"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":[7224],"tags":[1709,68,72,78],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-557705","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ipo-watch","tag-abu-auf","tag-egx","tag-enterpriseam","tag-ipo-watch","wpautop","entry"],"acf":{"mongo_id":"98bcedd8-3687-4806-9a48-9efe1527cb04","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2021\/9\/390.jpg","photo_position":"above","related_issue":[557701],"teaser":"","voice_url":""},"yoast_head":"\nAbu Auf could debut on EGX with 49% stake sale in 2Q2022 - 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\/09\/29\/abu-auf-could-debut-on-egx-with-49-stake-sale-in-2q2022\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Abu Auf could debut on EGX with 49% stake sale in 2Q2022\" \/>\n<meta property=\"og:description\" content=\"Healthy food brand Abu Auf\u2019s parent company AUF plans to make its EGX debut in 2Q2022, the company said in a statement (pdf) yesterday. AUF has appointed EFG Hermes to quarterback the transaction. 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The company had initially planned to IPO on the exchange during the second quarter, but fallout in emerging markets from the war in Ukraine has\u2026","rel":"","context":"In "IPO"","block_context":{"text":"IPO","link":"https:\/\/enterpriseam.com\/egypt\/category\/business\/ipo-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/4\/354.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":545860,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/04\/14\/abu-dhabi-sovereign-fund-confirms-blockbuster-egx-stake-buys-could-abu-auf-be-next-in-line-for-adx-investment\/","url_meta":{"origin":557705,"position":1},"title":"Abu Dhabi sovereign fund confirms blockbuster EGX stake buys + Could Abu Auf be next in line for ADX investment?","author":"enterpriseam admin","date":"14 April 2022","format":false,"excerpt":"ADQ speaks on EGX acquisitions: Abu Dhabi wealth fund ADQ has confirmed its acquisition of stakes in five EGX-listed companies this week, saying in a statement yesterday that the move reflects its \u201ccontinued confidence in Egypt\u2019s strong economic potential.\u201d The fund acquired shares in CIB, Fawry, Abu Qir Fertilizers, Mopco,\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\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":553867,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/12\/12\/abu-auf-to-step-up-international-sales-drive\/","url_meta":{"origin":557705,"position":2},"title":"Abu Auf to step up international sales drive","author":"enterpriseam admin","date":"12 December 2021","format":false,"excerpt":"EGX-bound healthy foods brand Abu Auf is looking to grow its export volume 30% in 2022, aiming to ramp up sales of nuts, coffee and healthy foodstuffs to new foreign markets including Kuwait, Bahrain, Morocco, France, Germany, and several African countries, according to Ahmed Auf, CEO of parent company AUF.It\u2019s\u2026","rel":"","context":"In "Food"","block_context":{"text":"Food","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/food\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":547851,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/07\/17\/adqs-agthia-to-buy-majority-stake-in-auf-group\/","url_meta":{"origin":557705,"position":3},"title":"ADQ\u2019s Agthia to buy majority stake in Auf Group","author":"enterpriseam admin","date":"17 July 2022","format":false,"excerpt":"Abu Auf parent company is selling a majority stake to Agthia: Emirati food and beverage major Agthia will acquire 60% of Egyptian healthy food company Auf Group for EGP 2.9 bn, the company said in a disclosure (pdf) to the Abu Dhabi stock exchange on Thursday. Agthia, which is 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\/7\/167.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":577689,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/12\/01\/adqs-agthia-now-owns-60-of-auf-group\/","url_meta":{"origin":557705,"position":4},"title":"ADQ\u2019s Agthia now owns 60% of Auf Group","author":"enterpriseam admin","date":"1 December 2022","format":false,"excerpt":"UAE\u2019s Agthia is now the majority owner of Abu Auf: Emirati food and beverage major Agthia has completed its acquisition of a 60% stake in Egyptian food company Auf Group, Agthia said in astatement (pdf). The stake was sold by three members of the Auf family as well as Tanmiya\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\/7.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":555146,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/11\/03\/benya-capital-studies-dual-listing\/","url_meta":{"origin":557705,"position":5},"title":"Benya Capital studies dual listing","author":"enterpriseam admin","date":"3 November 2021","format":false,"excerpt":"IT infrastructure contractor Benya Capital is considering a dual listing on the EGX and a foreign bourse, CEO Ahmed Mekky said, according to Hapi Journal. The company will soon complete studies on a potential IPO in Egypt, after which it will decide on the second market and the timing of\u2026","rel":"","context":"In "IPO"","block_context":{"text":"IPO","link":"https:\/\/enterpriseam.com\/egypt\/category\/business\/ipo-watch\/"},"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\/557705","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=557705"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/557705\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/557701"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/557706"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=557705"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=557705"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=557705"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=557705"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=557705"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}