{"id":563905,"date":"2021-07-28T04:00:08","date_gmt":"2021-07-28T04:00:08","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2021\/07\/28\/tycoon-to-officially-kick-off-bid-for-anfi\/"},"modified":"2021-07-28T04:00:08","modified_gmt":"2021-07-28T04:00:08","slug":"tycoon-to-officially-kick-off-bid-for-anfi","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2021\/07\/28\/tycoon-to-officially-kick-off-bid-for-anfi\/","title":{"rendered":"Tycoon to officially kick off bid for ANFI"},"content":{"rendered":"<p><a class=\"content-anchor\" id=\"tldr-story-02\"><\/a> <strong>Tycoon Holding gets FRA nod to launch MTO for ANFI<\/strong>: Shareholders of Alexandria National Company for Financial Investment (ANFI) will soon be able to sell their shares to Tycoon Holding after the Financial Regulatory Authority yesterday <a href=\"https:\/\/ent.news\/2021\/7\/ANFI-Tycoon-MTO.pdf\">approved (pdf)<\/a> its mandatory tender offer to acquire 90% of the listed company.<\/p>\n<p><strong>What\u2019s the offer?<\/strong> Tycoon wants to buy a 90% stake (or (4.7 mn shares) of ANFI for <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/358176c5-ac0f-4633-ad4b-7ae05178a44a\">EGP 6.25 per share<\/a>, valuing the company at EGP 32.7 mn.<\/p>\n<p><strong>We\u2019re not sure when exactly subscription will kick off:<\/strong> The FRA said the subscription period would start within two days of the MTO being approved, meaning it will start either in today\u2019s trading session or tomorrow. The MTO will end within 10 working days.<\/p>\n<p><strong>The highest offer so far:<\/strong> Tycoon recently raised its bid from <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/4871b8d6-2744-4108-af2b-d3ef0dc80a02\">EGP 5.60 per share<\/a> to EGP 6.25, beating Compass Capital\u2019s EGP 6.12 offer, and Zeta investments\u2019 EGP 6 bid that was <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/2aaa16cb-aba6-4c31-bfbf-9bad078529eb\">rejected by shareholders<\/a> earlier this month.<\/p>\n<p><strong>Tycoon first entered the bidding race for ANFI last June<\/strong>, joining other bidders including <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/5e92d627-df3f-439a-b32a-8f7183ef4cd6\">Kayan Sustainable Development<\/a>, <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/dfe3135e-1f51-4fb6-963b-163a781a6adf\">Zaldi Capital<\/a>, and a group of investors including Egyptian businessman Ahmed El Saba and Saudi Arabia\u2019s Mostafa El Humeidan<\/p>\n<p><strong>Who\u2019s the seller, again?<\/strong> ADIB wants to exit ANFI, which it considers a <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/6d462009-f7d7-4e88-be73-f1d0a42620ea\">non-core business<\/a>. The Gulf lender owns almost 85% of ANFI, holding 9% directly and the remainder through its KWIN and ADI Lease subsidiaries.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Tycoon Holding gets FRA nod to launch MTO for ANFI: Shareholders of Alexandria National Company for Financial Investment (ANFI) will soon be able to sell their shares to Tycoon Holding after the Financial Regulatory Authority yesterday approved (pdf) its mandatory tender offer to acquire 90% of the listed company. What\u2019s the offer? Tycoon wants to [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":563906,"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":[469,3714,72,7128,4086],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-563905","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ma-watch","tag-abu-dhabi-islamic-bank","tag-alexandria-national-company-for-financial-investments","tag-enterpriseam","tag-ma-watch","tag-tycoon-holding","wpautop","entry"],"acf":{"mongo_id":"5261c97e-0976-4b8a-a263-0d79ea2f0404","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2021\/7\/278.jpg","photo_position":"above","related_issue":[563899],"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>Tycoon to officially kick off bid for ANFI - 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\/07\/28\/tycoon-to-officially-kick-off-bid-for-anfi\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Tycoon to officially kick off bid for ANFI\" \/>\n<meta property=\"og:description\" content=\"Tycoon Holding gets FRA nod to launch MTO for ANFI: Shareholders of Alexandria National Company for Financial Investment (ANFI) will soon be able to sell their shares to Tycoon Holding after the Financial Regulatory Authority yesterday approved (pdf) its mandatory tender offer to acquire 90% of the listed company. What\u2019s the offer? Tycoon wants to [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2021\/07\/28\/tycoon-to-officially-kick-off-bid-for-anfi\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2021-07-28T04:00:08+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2021\/7\/278.jpg?fit=%2C&ssl=1\" \/>\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\/07\/28\/tycoon-to-officially-kick-off-bid-for-anfi\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/07\/28\/tycoon-to-officially-kick-off-bid-for-anfi\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Tycoon to officially kick off bid for ANFI\",\"datePublished\":\"2021-07-28T04:00:08+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/07\/28\/tycoon-to-officially-kick-off-bid-for-anfi\/\"},\"wordCount\":233,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/07\/28\/tycoon-to-officially-kick-off-bid-for-anfi\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2021\/7\/278.jpg?fit=%2C&ssl=1\",\"keywords\":[\"Abu Dhabi Islamic Bank\",\"Alexandria National Company for Financial Investments\",\"EnterpriseAM\",\"M&amp;A Watch\",\"Tycoon Holding\"],\"articleSection\":[\"M&amp;A WATCH\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/07\/28\/tycoon-to-officially-kick-off-bid-for-anfi\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2021\/07\/28\/tycoon-to-officially-kick-off-bid-for-anfi\/\",\"name\":\"Tycoon to officially kick off bid for ANFI - 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The move comes shortly after Hong Kong\u2019s Zeta Investments lodged a rival offer eyeing the same stake, the Financial Regulatory Authority said in a statement (pdf).\u2026","rel":"","context":"In &quot;SPEED ROUND: M&amp;A WATCH&quot;","block_context":{"text":"SPEED ROUND: M&amp;A WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round-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":564213,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/08\/17\/tycoon-officially-acquires-85-of-anfi\/","url_meta":{"origin":563905,"position":1},"title":"Tycoon officially acquires 85% of ANFI","author":"enterpriseam admin","date":"17 August 2021","format":false,"excerpt":"Tycoon officially has 85% of ANFI: The EGX officially confirmed (jpg) this morning that Tycoon Holding has succeeded in acquiring Abu Dhabi Islamic Bank Egypt\u2019s (ADIB) 85% stake in brokerage firm Alexandria National Company for Financial Investment (ANFI). The Emirati lender said as much on Sunday, announcing that it had\u2026","rel":"","context":"In &quot;SPEED ROUND: M&amp;A WATCH&quot;","block_context":{"text":"SPEED ROUND: M&amp;A WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round-ma-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/8\/456.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":564170,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/08\/15\/is-this-anfi-bidding-war-finally-over\/","url_meta":{"origin":563905,"position":2},"title":"Is this ANFI bidding war finally over?","author":"enterpriseam admin","date":"15 August 2021","format":false,"excerpt":"Tycoon to acquire at least 85% of ANFI: Abu Dhabi Islamic Bank Egypt (ADIB) has approved Tycoon Holding\u2019s offer to acquire its stake in Alexandria National Company for Financial Investment (ANFI), the Emirati lender said in an EGX statement (pdf) this morning. ADIB Egypt owns almost 85% of the company,\u2026","rel":"","context":"In &quot;SPEED ROUND: M&amp;A WATCH&quot;","block_context":{"text":"SPEED ROUND: M&amp;A WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round-ma-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/8\/427.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":563621,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/07\/11\/anfi-shareholders-snub-zeta-mto-as-compass-gets-fra-approval-for-rival-bid\/","url_meta":{"origin":563905,"position":3},"title":"ANFI shareholders snub Zeta MTO as Compass gets FRA approval for rival bid","author":"enterpriseam admin","date":"11 July 2021","format":false,"excerpt":"Zeta doesn\u2019t look like its getting 90% of ANFI: Shareholders of Alexandria National Company for Financial Investment (ANFI) appear to have declined to sell their holdings to Hong Kong-based Zeta Investments, after the subscription period for its MTO to acquire 90% of the company ended Thursday without any offers to\u2026","rel":"","context":"In &quot;M&amp;A WATCH&quot;","block_context":{"text":"M&amp;A WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/ma-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/7\/96.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":566440,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/06\/20\/compass-capital-makes-mto-on-anfi\/","url_meta":{"origin":563905,"position":4},"title":"Compass Capital makes MTO on ANFI","author":"enterpriseam admin","date":"20 June 2021","format":false,"excerpt":"Private equity firm Compass Capital has submitted a mandatory tender offer to acquire up to 100% of Alexandria National Company for Financial Investments (ANFI) for EGP 5.72 per share, according to a statement (pdf) by the Financial Regulatory Authority (FRA), making official reports we\u2019ve been seeing in the local press\u2026","rel":"","context":"In &quot;SPEED ROUND: M&amp;A WATCH&quot;","block_context":{"text":"SPEED ROUND: M&amp;A WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round-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":566348,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/06\/14\/hong-kongs-zeta-tables-formal-bid-for-brokerage-house-anfi\/","url_meta":{"origin":563905,"position":5},"title":"Hong Kong\u2019s Zeta tables formal bid for brokerage house ANFI","author":"enterpriseam admin","date":"14 June 2021","format":false,"excerpt":"A mandatory tender offer by Hong Kong\u2019s\u00a0Zeta Investments\u00a0targeting up to 90% of\u00a0brokerage house ANFI kicks off tomorrow,\u00a0the EGX said today\u00a0in a bulletin. Shareholders of the Alexandria National Company for Financial Investments (ANFI), will get an option to sell at EGP 5.48 a share \u2014 a price which values the entire\u2026","rel":"","context":"In &quot;SPEED ROUND: M&amp;A WATCH&quot;","block_context":{"text":"SPEED ROUND: M&amp;A WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round-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":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/563905","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=563905"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/563905\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/563899"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/563906"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=563905"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=563905"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=563905"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=563905"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=563905"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}