{"id":562706,"date":"2021-06-03T03:47:19","date_gmt":"2021-06-03T03:47:19","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2021\/06\/03\/the-tobacco-license-tender-may-be-back-on-again\/"},"modified":"2021-06-03T03:47:19","modified_gmt":"2021-06-03T03:47:19","slug":"the-tobacco-license-tender-may-be-back-on-again","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2021\/06\/03\/the-tobacco-license-tender-may-be-back-on-again\/","title":{"rendered":"The tobacco license tender may be back on again"},"content":{"rendered":"

<\/a> Revised terms for the <\/strong>license<\/a><\/strong> to establish Egypt\u2019s second major tobacco<\/strong> company have been handed to four local tobacco companies<\/strong>, according to a document seen by Reuters<\/a>. The conditions booklet for the tender \u2014 which is set to end Eastern Tobacco\u2019s historical monopoly over the sector \u2014 has been redrafted by the government more than two months after several tobacco players filed a formal complaint<\/a> asking for new, more competitive terms. The government had been drawing up the new rules for the tender as of late April<\/a>.<\/p>\n

What\u2019s new?<\/strong> The new terms slash the number of cigarettes the company will have to produce to 1 bn each year, down from 15 bn in the original tender. The government has also reversed its position on future licenses, and has now agreed to issue more a decade following the tender.<\/p>\n

It\u2019s not known how authorities have tackled some of the other sticking points:<\/strong><\/p>\n

The most controversial aspect of the original tender was the preferential treatment it would hand to Eastern, allowing it to compete unfairly against the new company. Not only would the new license have to hand a 24% stake to Eastern, but it would be forced to sell popular brands at a price 50% higher than Eastern, effectively shutting them out of the market. The four companies also alleged that the terms breached antitrust rules<\/a>, claiming that the new company would assume monopoly power over e-cigarettes and heated tobacco products.<\/p>\n

Who\u2019s in?<\/strong> The Industrial Development Authority invited<\/a> JTI-Nakhla Tobacco, British American Tobacco Egypt, Imperial Tobacco and Al Mansour International Distribution Company to bid<\/a> for the new license in March. It remains unclear which companies will submit bids based on the new terms.<\/p>\n

The deadline for lodging bids is now set on 1 August<\/strong>, according to the newswire.<\/p>\n","protected":false},"excerpt":{"rendered":"

Revised terms for the license to establish Egypt\u2019s second major tobacco company have been handed to four local tobacco companies, according to a document seen by Reuters. The conditions booklet for the tender \u2014 which is set to end Eastern Tobacco\u2019s historical monopoly over the sector \u2014 has been redrafted by the government more than […]<\/p>\n","protected":false},"author":1,"featured_media":562707,"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":[8787],"tags":[2114,1978,247,72,4046,3849,289,3048,3040,7401],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-562706","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-competition-watch","tag-british-american-tobacco-egypt","tag-competition-watch","tag-eastern-company","tag-enterpriseam","tag-hany-aman","tag-imperial-tobacco","tag-industrial-development-authority","tag-jti-nakhla-tobacco","tag-mansour-group","tag-tobacco","wpautop","entry"],"acf":{"mongo_id":"21653885-6d94-46a8-988d-5cb98cbe41b6","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2021\/6\/46.jpg","photo_position":"above","related_issue":[562700],"teaser":"","voice_url":""},"yoast_head":"\nThe tobacco license tender may be back on again - 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\/06\/03\/the-tobacco-license-tender-may-be-back-on-again\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The tobacco license tender may be back on again\" \/>\n<meta property=\"og:description\" content=\"Revised terms for the license to establish Egypt\u2019s second major tobacco company have been handed to four local tobacco companies, according to a document seen by Reuters. 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The license would allow for the establishment of Egypt\u2019s second major tobacco company, entering\u2026","rel":"","context":"In "Manufacturing"","block_context":{"text":"Manufacturing","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/manufacturing\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/12\/243.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":565392,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/04\/06\/whats-up-with-the-tobacco-license-tender\/","url_meta":{"origin":562706,"position":2},"title":"What\u2019s up with the tobacco license tender?","author":"enterpriseam admin","date":"6 April 2021","format":false,"excerpt":"The tender for a license to set up Egypt\u2019s second tobacco company appears to be scheduled to go ahead later this month, after the Industrial Development Authority (IDA) decided over the weekend to shelve the tender, the local press reported, citing an unnamed IDA source. Two industry sources who spoke\u2026","rel":"","context":"In "SPEED ROUND: COMPETITION WATCH"","block_context":{"text":"SPEED ROUND: COMPETITION WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round-competition-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/4\/350.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":558237,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/08\/02\/good-news-for-fdi-watchers\/","url_meta":{"origin":562706,"position":3},"title":"Good news for FDI watchers","author":"enterpriseam admin","date":"2 August 2021","format":false,"excerpt":"Tobacco giant Philip Morris is among several tobacco companies with local operations that are said to be interested in bidding for a license to set up Egypt\u2019s second tobacco company, Federation of Egyptian Industries\u2019 (FEI) cigarettes division Head Ibrahim Embaby told Al Mal. The period during which companies could submit\u2026","rel":"","context":"In "Investment Watch"","block_context":{"text":"Investment Watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/investment-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/8\/51.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":565113,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/03\/21\/eastern-company-confirms-ongoing-tender-that-would-kind-of-end-its-tobacco-monopoly\/","url_meta":{"origin":562706,"position":4},"title":"Eastern Company confirms ongoing tender that would (kind of) end its tobacco monopoly","author":"enterpriseam admin","date":"21 March 2021","format":false,"excerpt":"Tobacco monopoly Eastern Company has confirmed we\u2019re about to see a new competitor: Several companies were invited to bid to become Egypt\u2019s second major tobacco company in a tender issued by the Industrial Development Authority (IDA), state-owned cigarette manufacturer Eastern Company said in a filing to the EGX (pdf). The\u2026","rel":"","context":"In "SPEED ROUND: COMPETITION WATCH"","block_context":{"text":"SPEED ROUND: COMPETITION WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round-competition-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/3\/507.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":561328,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/04\/04\/up-in-smoke\/","url_meta":{"origin":562706,"position":5},"title":"Up in smoke","author":"enterpriseam admin","date":"4 April 2021","format":false,"excerpt":"Egypt puts tender for tobacco license on ice: The Industrial Development Authority (IDA) has shelved a tender for a license to set up Egypt\u2019s second tobacco company, two unnamed industry sources told Reuters. The bidding round was slated to be held this Tuesday. 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