{"id":559526,"date":"2021-01-25T04:01:12","date_gmt":"2021-01-25T04:01:12","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2021\/01\/25\/sovereign-fund-eyes-controlling-stake-in-e-finance\/"},"modified":"2021-01-25T04:01:12","modified_gmt":"2021-01-25T04:01:12","slug":"sovereign-fund-eyes-controlling-stake-in-e-finance","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2021\/01\/25\/sovereign-fund-eyes-controlling-stake-in-e-finance\/","title":{"rendered":"Sovereign Fund eyes controlling stake in e-Finance"},"content":{"rendered":"

<\/a> SFE eyeing controlling stake in e-Finance ahead of its IPO?<\/strong> The Sovereign Fund of Egypt is reportedly in negotiations to acquire part of the National Investment Bank\u2019s (NIB) 69% stake in state-owned e-payments platform e-Finance, the local press<\/a> reports, citing sources with knowledge of the matter. The exact size of the stake the SFE is looking to snap up is still under negotiation, but the sources suggest the fund is looking to acquire a controlling stake. The potential acquisition comes as part of the SFE\u2019s plans to expand its investments<\/a> in the non-banking financial services sector, the sources said.<\/p>\n

The potential transaction is expected to close in 1H2021<\/strong>, meaning that it could happen before e-Finance debuts on the EGX. The payments platform is reportedly dusting off plans to IPO<\/a> and take an undisclosed stake<\/a> in the company to market in 2Q2021.<\/p>\n","protected":false},"excerpt":{"rendered":"

SFE eyeing controlling stake in e-Finance ahead of its IPO? The Sovereign Fund of Egypt is reportedly in negotiations to acquire part of the National Investment Bank\u2019s (NIB) 69% stake in state-owned e-payments platform e-Finance, the local press reports, citing sources with knowledge of the matter. The exact size of the stake the SFE is […]<\/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":[7321],"tags":[339,72,78,585,595,81,370],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-559526","post","type-post","status-publish","format-standard","hentry","category-privatization-watch","tag-e-finance","tag-enterpriseam","tag-ipo-watch","tag-national-investment-bank","tag-non-banking-financial-services","tag-privatization-watch","tag-sovereign-fund-of-egypt","wpautop","entry"],"acf":{"mongo_id":"dfe18bff-8408-437c-9c11-fa674e1b45dc","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[559516],"teaser":"","voice_url":""},"yoast_head":"\nSovereign Fund eyes controlling stake in e-Finance - 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\/01\/25\/sovereign-fund-eyes-controlling-stake-in-e-finance\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Sovereign Fund eyes controlling stake in e-Finance\" \/>\n<meta property=\"og:description\" content=\"SFE eyeing controlling stake in e-Finance ahead of its IPO? The Sovereign Fund of Egypt is reportedly in negotiations to acquire part of the National Investment Bank\u2019s (NIB) 69% stake in state-owned e-payments platform e-Finance, the local press reports, citing sources with knowledge of the matter. The exact size of the stake the SFE is […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2021\/01\/25\/sovereign-fund-eyes-controlling-stake-in-e-finance\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2021-01-25T04:01:12+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\/2021\/01\/25\/sovereign-fund-eyes-controlling-stake-in-e-finance\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/01\/25\/sovereign-fund-eyes-controlling-stake-in-e-finance\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Sovereign Fund eyes controlling stake in e-Finance\",\"datePublished\":\"2021-01-25T04:01:12+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/01\/25\/sovereign-fund-eyes-controlling-stake-in-e-finance\/\"},\"wordCount\":149,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"e-finance\",\"EnterpriseAM\",\"IPO watch\",\"National Investment Bank\",\"non-banking financial services\",\"privatization watch\",\"Sovereign Fund of Egypt\"],\"articleSection\":[\"Privatization\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/01\/25\/sovereign-fund-eyes-controlling-stake-in-e-finance\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2021\/01\/25\/sovereign-fund-eyes-controlling-stake-in-e-finance\/\",\"name\":\"Sovereign Fund eyes controlling stake in e-Finance - 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