{"id":565937,"date":"2021-05-18T13:38:41","date_gmt":"2021-05-18T13:38:41","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2021\/05\/18\/tonight-alex-medical-bid-war-updates-rencaps-mena-update-coming\/"},"modified":"2021-05-18T13:38:41","modified_gmt":"2021-05-18T13:38:41","slug":"tonight-alex-medical-bid-war-updates-rencaps-mena-update-coming","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2021\/05\/18\/tonight-alex-medical-bid-war-updates-rencaps-mena-update-coming\/","title":{"rendered":"TONIGHT: Alex Medical bid war updates; RenCap\u2019s MENA update coming."},"content":{"rendered":"<p><strong>Hump day in this short week is almost over<\/strong>, ladies and gentlemen. Enjoy it, as it will likely be the last short work week until 30 June rolls around.<\/p>\n<p><strong>THE BIG STORY TODAY- Are bidders for Alex Medical looking to get it at a lower price?<\/strong> It appears that Cleopatra Hospital Group\u2019s (CHG) bid to acquire Alex Medical may be pushing other companies in the race to lower their bids. Nile Misr Healthcare confirmed to us this morning that it is looking to bring down its initial bid following CHG\u2019s MTO, but other bidders are so far denying plans to make similar moves. We cover the story in greater detail in the Speed Round below.<\/p>\n<p><a class=\"content-anchor\" id=\"tldr-story-05\"><\/a> <strong>HAPPENING NOW- Renaissance Capital\u2019s annual MENA Investor Conference is currently <\/strong><strong>underway <\/strong>with Global Chief Economist, Charlie Robertson, and Acting Head of Research Africa, Yvonne Mhango presenting the bank\u2019s MENA macroeconomic update. This will be followed with a panel discussion that includes among others, Fawry CEO Ashraf Sabry. The event is being broadcast live <a href=\"https:\/\/events.rencap.com\/MENAconference\/#18-May\">here<\/a>, but if the timing isn\u2019t right,<strong> look to tomorrow\u2019s EnterpriseAM for coverage on the event.<\/strong><\/p>\n<p><strong>The conference will run until this Thursday<\/strong>, with the majority of the remaining days being one-on-one meetings. You can check the schedule for the conference <a href=\"https:\/\/events.rencap.com\/MENAconference\/#schedule\">here<\/a>.<\/p>\n<p><strong>** CATCH UP QUICK on the top stories from today\u2019s EnterpriseAM:<\/strong><\/p>\n<ul>\n<li><strong>Record pre-seed funding:<\/strong> Digital banking app Telda has <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/1f1ed149-d4e7-4701-9c3a-b1413e1d1791\">landed USD 5 mn in pre-seed funding<\/a> in a round led by Silicon Valley VC firm Sequoia Capital.<\/li>\n<li><strong>A new way to raise capital:<\/strong> Utilities and other companies that provide ongoing services to the public may soon be able to raise capital by <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/7329833c-65a7-4bdc-b31e-eb4ecc30d055\">securitizing future cashflows<\/a> under a new instrument greenlit by the Financial Regulatory Authority last week.<\/li>\n<li><strong>Azimut Egypt is <\/strong><strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/61a2b6d1-3c91-43d1-9c25-7b18867213af\">launching a new Egypt equity fund<\/a><\/strong>, targeting EGP 250 mn in AUM.<\/li>\n<\/ul>\n<p><strong>PSA- The Health Ministry is launching this week a chatbot service on WhatsApp to answer <\/strong><strong>inquiries on vaccine registration <\/strong>including the date and location of their vaccine appointment as well as allowing people to report any side-effects after getting the jab, Aysam Salah, adviser to the Health Minister on ICT, said in a press conference today, reports <a href=\"https:\/\/www.almasryalyoum.com\/news\/details\/2332215\">Al Masry Al Youm<\/a>.<\/p>\n<p><strong>THE BIG STORY ABROAD-<\/strong> <strong>No reports of Palestinians killed overnight for the first time <\/strong><strong>since 10 May when the fighting between Israel and Hamas erupted<\/strong>, as international calls for ceasefire continue to mount, <a href=\"https:\/\/www.reuters.com\/world\/middle-east\/israel-gaza-violence-shows-few-signs-slowing-global-diplomacy-ramps-up-2021-05-18\/\">Reuters<\/a> reports. The intensity of long-range Palestinian rocket attacks was also tuned down since midnight. US President Joe Biden finally said he \u201csupports\u201d a ceasefire in his third call with Israeli Prime Minister Benjamin Netanyahu yesterday \u2014 an offer Israel looks to turn down as it vows to press on for now with its attacks against Hamas. The Israeli military will \u201ccontinue to operate in Gaza in accordance with a target list for the coming 24 hours,\u201d chief spokesman Brigadier-General Hidai Zilberman said. The UN General Assembly is scheduled to meet on Thursday to discuss the attacks.<\/p>\n<p><a class=\"content-anchor\" id=\"tldr-story-08\"><\/a> <strong>Egypt\u2019s infrastructure diplomacy policy extended to Gaza:<\/strong> President Abdel Fattah El Sisi has reportedly pledged USD 500 mn in reconstruction aid to the residents of Gaza, according to <a href=\"https:\/\/m.facebook.com\/story.php?story_fbid=1154860118366700&id=153405978512124\">an Ittihadiya statement<\/a>. Egyptian companies will also participate in the rebuilding efforts, El Sisi said at a tripartite summit in Paris today with French President Emmanuel Macron and Jordan\u2019s King Abdullah. The move is in line with Egypt\u2019s infrastructure diplomacy efforts, which sees the government encouraging private sector construction companies to help rebuild vital infrastructure in conflict-ridden regional countries such as Iraq.<\/p>\n<p><strong>WANT A REFRESHER ON EGYPT\u2019S INFRASTRUCTURE DIPLOMACY?<\/strong> Check out our Hardhat feature <a href=\"https:\/\/enterprise.press\/hardhats\/regional-infrastructure-diplomacy-whetting-appetite-egyptian-contractors\/\">here<\/a>.<\/p>\n<div class=\"row\">\n<div class=\"col-md-12 subscribe-box-panel\">\n<div class=\"\">\n<div class=\"title\">\n<h4 class=\"fw-lighter mb-10\">\n          Get <b style=\"font-weight: 700\">Enterprise<\/b> daily<br \/>\n        <\/h4>\n<\/p><\/div>\n<p class=\"mb-10\">The roundup of news and trends that move your markets and shape corporate agendas delivered straight to your inbox.<\/p>\n<p>      <a href=\"egypt\/en\/user\/NewsLetters\" type=\"button \" class=\"btn-green px-3 d-flex align-items-center\">Subscribe here<\/a>\n    <\/div>\n<\/p><\/div>\n<\/div>\n<p><strong>? CIRCLE YOUR CALENDAR-<\/strong><\/p>\n<p><strong>Africa-based startups have until 26 May to sign up for the French government-sponsored <\/strong><strong>AFD Digital Challenge<\/strong>, an annual <a href=\"https:\/\/ent.news\/2021\/5\/LAUNCH-OF-THE-FIFTH-EDITION-OF-THE-AFD-DIGITAL-CHALLENGE.docx.pdf\">startup competition (pdf)<\/a> run by the French Development Agency (AFD). This year, the competition is targeting startups that work on environmental protection and tackle carbon emissions. The 10 startups chosen will receive a package of technical and financial support worth EUR 20k.<\/p>\n<p><strong>The IMF will complete at the end of June a second review of targets set under Egypt\u2019s <\/strong><strong>USD 5.2 bn standby loan.<\/strong> The loan was approved <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/e4b88b68-45c9-4f66-bbba-1e8999ee8f3f\">in June 2020<\/a>.<\/p>\n<p><strong>The <\/strong><strong><a href=\"https:\/\/psaworldtour.com\/tournaments\/view\/10913\">El Gouna International Squash Open 2021<\/a><\/strong><strong> and the CIB PSA World Tour Finals will go <\/strong><strong>ahead as planned<\/strong>, PSA World Tour <a href=\"https:\/\/psaworldtour.com\/news\/view\/8528\/allam-british-open-moved-to-august-as-psa-issues-updated-calendar-for-remainder-of-2020-21-season\">announced<\/a>. The El Gouna Open will take place on 20-28 May, while the CIB-sponsored World Tour Finals will run on 22-27 June in Cairo. It\u2019s still unclear whether fans will be allowed into the stands, with tickets said to be \u201c<a href=\"http:\/\/elgounasquashopen.com\/info#\">on sale soon<\/a>\u201d.<\/p>\n<p>? <strong>FOR YOUR COMMUTE-<\/strong><\/p>\n<p><strong>Tesla CEO Elon Musk is seeing his fortune tumble<\/strong>, falling 24% from its January high to USD 161 bn after the tech tycoon <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/b51cb107-cea4-4207-87b5-8e8acceae531\">exercised his influence<\/a> in the crypto markets in the past few weeks, reports <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2021-05-17\/elon-musk-loses-world-s-second-richest-ranking-as-tesla-dips?srnd=premium-middle-east\">Bloomberg<\/a>. The drop in wealth has slid Musk from his spot as the second-richest person globally, going instead to LVMH Chairman Bernard Arnault. Musk\u2019s fortune has dropped about USD 9.1 bn this year alone, the most among US-based bn\u2019aires, according to Bloomberg\u2019s wealth index.<\/p>\n<p><strong>Revenge of the shorts? <\/strong>Tesla has long been among the companies that are popular among short sellers, including Michael Burry \u2014 known for his depiction in The Big Short \u2014 who revealed a short position against Tesla worth USD 530 mn, reports <a href=\"https:\/\/www.cnbc.com\/2021\/05\/17\/michael-burry-of-the-big-short-reveals-a-530-million-bet-against-tesla.html\">CNBC<\/a>. Burry had previously flagged Tesla\u2019s reliance on regulatory credits to generate profits as a red flag in a Tweet he later deleted.<\/p>\n<p><strong>? <\/strong><strong>ON THE TUBE TONIGHT-<\/strong><\/p>\n<p><strong>French-language science fiction thriller <\/strong><strong><a href=\"https:\/\/www.netflix.com\/eg-en\/title\/81277610\">Oxygen<\/a><\/strong><strong> is worth a watch. <\/strong>The film starts with the main character (played by M\u00e9lanie Laurent) waking up in a cryogenic chamber where she\u2019s been mummified. When the AI voice of the chamber's operating system tells her that oxygen supply is damaged and depleting fast, Laurent does all she can to remember how she came about her and how to survive. The claustrophobic single-location film never gets boring, with constant new events and suspense at every turn. <a href=\"https:\/\/collider.com\/oxygen-review-melanie-laurent-netflix\/\">Collider<\/a> and <a href=\"https:\/\/ew.com\/movies\/movie-reviews\/oxygen-netflix-review\/\">Entertainment Weekly<\/a> both give the film a B.<\/p>\n<p>\u26bd <strong>The English Premier League is close to wrapping up, and surprise, surprise, <\/strong><strong>Manchester City has it all sewn up. <\/strong>Gameweek 37 is kicking off today, with Man United going up against Fulham and Southampton against Leeds at 7pm, while Brighton has a match against Man City at 8pm and Chelsea will hit the field with Leicester City at 9:15pm.<\/p>\n<p><strong>Serie A\u2019s sole match tonight is Lazio versus Torino<\/strong> at 8:30pm.<\/p>\n<p><strong>In other sports news, Spotify CEO Daniel Ek\u2019s hopes of <\/strong><strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/a7cb40a2-315a-482b-a56e-9a95c6788e1a\">acquiring Arsenal<\/a><\/strong><strong> have <\/strong><strong>seemingly fallen through<\/strong>, reports <a href=\"https:\/\/www.goal.com\/en\/news\/ek-reveals-arsenal-takeover-bid-rejected-by-kroenke-but\/1jjuwsxdedc801r5um9b7ccvmd\">Goal<\/a>. Club director Josh Kroenke and his family have turned Ek down and are determined to hang on to the reins of the football team despite falling out of favor with fans for Arsenal\u2019s abysmal performance since the Kroenke\u2019s took over the club and after the <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/1ca018ab-6f36-43c2-b4c6-b6c1f270b270\">Super League debacle<\/a>.<\/p>\n<hr class=\"grey-line\">\n<p><strong>Egypt will be hosting the inaugural <\/strong><strong><a href=\"https:\/\/www.cafonline.com\/news-center\/news\/all-eyes-on-cairo-ahead-of-total-women-s-afcon-draw-on-monday\">Women\u2019s CAF Champions League<\/a><\/strong><strong> this year<\/strong>, which will act as a qualifier for the FIFA Women\u2019s World Cup Australia-New Zealand 2023, reports <a href=\"https:\/\/www.kingfut.com\/2021\/05\/15\/egypt-host-afcon-caf-champions-league\/\">KingFut<\/a>. A team draw that took place last week decided that Egypt\u2019s women's team <a href=\"https:\/\/www.cafonline.com\/news-center\/news\/draw-marks-kickoff-of-the-road-to-total-women-s-africa-cup-of-nations-morocco-20\">will go up against Tunisia<\/a> in the first round, with dates still to be announced.<\/p>\n<p><strong>Egypt has also been selected to host the 2023 Africa U-20 Cup of Nations<\/strong> which will pave the way for participation in the FIFA U-20 World Cup in Indonesia taking place during the same year.<\/p>\n<p><strong>? UNDER THE LAMPLIGHT-<\/strong><\/p>\n<p><strong>Your workout motivation in comic form:<\/strong> Graphic novel <a href=\"https:\/\/www.amazon.com\/Secret-Superhuman-Strength-Alison-Bechdel-ebook\/dp\/B08B38JVKY\/ref=tmm_kin_swatch_0?_encoding=UTF8&qid=&sr=\">The Secret to Superhuman Strength<\/a> explores cartoonist Alison Bechdel\u2019s experience with fitness and working out. In relatable comics and storylines, Bechdel recounts the sports she participated in including running and cycling classes and how being active has helped her on her journey of self-discovery. <a href=\"https:\/\/www.theatlantic.com\/magazine\/archive\/2021\/06\/alison-bechdel-secret-to-superhuman-strength\/618715\/\">The Atlantic<\/a> is a big fan, praising the novel\u2019s style and adding snippets of their favorite parts.<\/p>\n<p>? <strong>TOMORROW\u2019S WEATHER- <\/strong>Expect temperatures of 37\u00b0C during the day and 20\u00b0C at night tomorrow, our favorite weather app tells us. The mercury should start falling to cooler levels on Saturday.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Hump day in this short week is almost over, ladies and gentlemen. Enjoy it, as it will likely be the last short work week until 30 June rolls around. THE BIG STORY TODAY- Are bidders for Alex Medical looking to get it at a lower price? It appears that Cleopatra Hospital Group\u2019s (CHG) bid to [&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":[7213],"tags":[107,637,633,259,89,7089,894,162,717,639,651,634,2935],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-565937","post","type-post","status-publish","format-standard","hentry","category-what-were-tracking-tonight","tag-covid-19","tag-elon-musk","tag-enterprisepm","tag-health-ministry","tag-israel","tag-palestine","tag-social-media","tag-sports","tag-spotify","tag-technology","tag-tesla","tag-what-were-tracking-tonight","tag-whatsapp","wpautop","entry"],"acf":{"mongo_id":"d293de91-f5b0-48a6-a72e-42193fd39a20","order":"0","is_powered_by":true,"story_type":"4","photo_url":"","photo_position":"above","related_issue":[565935],"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>TONIGHT: Alex Medical bid war updates; RenCap\u2019s MENA update coming. - 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\/05\/18\/tonight-alex-medical-bid-war-updates-rencaps-mena-update-coming\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"TONIGHT: Alex Medical bid war updates; RenCap\u2019s MENA update coming.\" \/>\n<meta property=\"og:description\" content=\"Hump day in this short week is almost over, ladies and gentlemen. Enjoy it, as it will likely be the last short work week until 30 June rolls around. THE BIG STORY TODAY- Are bidders for Alex Medical looking to get it at a lower price? 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RenCap\u2019s MENA update coming. - EnterpriseAM Egypt","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/egypt\/2021\/05\/18\/tonight-alex-medical-bid-war-updates-rencaps-mena-update-coming\/","og_locale":"en_US","og_type":"article","og_title":"TONIGHT: Alex Medical bid war updates; RenCap\u2019s MENA update coming.","og_description":"Hump day in this short week is almost over, ladies and gentlemen. Enjoy it, as it will likely be the last short work week until 30 June rolls around. THE BIG STORY TODAY- Are bidders for Alex Medical looking to get it at a lower price? It appears that Cleopatra Hospital Group\u2019s (CHG) bid to [&hellip;]","og_url":"https:\/\/enterpriseam.com\/egypt\/2021\/05\/18\/tonight-alex-medical-bid-war-updates-rencaps-mena-update-coming\/","og_site_name":"EnterpriseAM Egypt","article_published_time":"2021-05-18T13:38:41+00:00","author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin","Est. reading time":"7 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/egypt\/2021\/05\/18\/tonight-alex-medical-bid-war-updates-rencaps-mena-update-coming\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/2021\/05\/18\/tonight-alex-medical-bid-war-updates-rencaps-mena-update-coming\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"TONIGHT: Alex Medical bid war updates; RenCap\u2019s MENA update coming.","datePublished":"2021-05-18T13:38:41+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2021\/05\/18\/tonight-alex-medical-bid-war-updates-rencaps-mena-update-coming\/"},"wordCount":1370,"publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"keywords":["covid-19","Elon Musk","EnterprisePM","Health Ministry","Israel","Palestine","social media","sports","Spotify","technology","Tesla","WHAT WE\u2019RE TRACKING TONIGHT","WhatsApp"],"articleSection":["WHAT WE\u2019RE TRACKING TONIGHT"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/egypt\/2021\/05\/18\/tonight-alex-medical-bid-war-updates-rencaps-mena-update-coming\/","url":"https:\/\/enterpriseam.com\/egypt\/2021\/05\/18\/tonight-alex-medical-bid-war-updates-rencaps-mena-update-coming\/","name":"TONIGHT: Alex Medical bid war updates; RenCap\u2019s MENA update coming. - EnterpriseAM Egypt","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/#website"},"datePublished":"2021-05-18T13:38:41+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/egypt\/2021\/05\/18\/tonight-alex-medical-bid-war-updates-rencaps-mena-update-coming\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/egypt\/2021\/05\/18\/tonight-alex-medical-bid-war-updates-rencaps-mena-update-coming\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/egypt\/2021\/05\/18\/tonight-alex-medical-bid-war-updates-rencaps-mena-update-coming\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/egypt\/"},{"@type":"ListItem","position":2,"name":"TONIGHT: Alex Medical bid war updates; RenCap\u2019s MENA update coming."}]},{"@type":"WebSite","@id":"https:\/\/enterpriseam.com\/egypt\/#website","url":"https:\/\/enterpriseam.com\/egypt\/","name":"EnterpriseAM","description":"The State of the Nation","publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/enterpriseam.com\/egypt\/#organization","name":"EnterpriseAM","url":"https:\/\/enterpriseam.com\/egypt\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/","url":"https:\/\/ent.news\/internal\/240894.svg","contentUrl":"https:\/\/ent.news\/internal\/240894.svg","caption":"EnterpriseAM"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d","name":"enterpriseam admin","sameAs":["http:\/\/enterpriseam.testing.projectsarea.com"],"url":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"}]}},"featured_image_src":null,"featured_image_src_square":null,"author_info":{"display_name":"enterpriseam admin","author_link":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":622427,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/10\/01\/seven-reported-bidders-for-alex-containers-stake-sale\/","url_meta":{"origin":565937,"position":0},"title":"Seven reported bidders for Alex Containers stake sale","author":"enterpriseam admin","date":"1 October 2018","format":false,"excerpt":"Seven bidders for Alex Containers stake sale: Seven investment banks and consortiums submitted last week their bids to quarterback the upcoming sale of an additional stake in state-owned Alexandria Containers & Cargo Handling (ACCH), unidentified sources tell Al Mal. The newspaper claims the bidders include: Pharos HoldingArqaam CapitalHC SecuritiesHSBCEFG Hermes\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":[]},{"id":562203,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/05\/11\/nile-scan-isnt-partnering-with-speed-on-alex-medical-bid\/","url_meta":{"origin":565937,"position":1},"title":"Nile Scan isn\u2019t partnering with Speed on Alex Medical bid","author":"enterpriseam admin","date":"11 May 2021","format":false,"excerpt":"Nile Scan is bidding independently for a majority stake in Alexandria Medical Services and isn\u2019t in talks to partner with a rival consortium on the acquisition, Nile Scan Managing Director Tarek Moharram told Enterprise. We picked up a story from Al Mal yesterday citing sources \u201cin the know\u201d that claimed\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\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":566126,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/05\/30\/speed-medical-quits-bidding-war-for-alex-medical\/","url_meta":{"origin":565937,"position":2},"title":"Speed Medical quits bidding war for Alex Medical","author":"enterpriseam admin","date":"30 May 2021","format":false,"excerpt":"Speed Medical is no longer part of a consortium bidding for 100% of Alexandria Medical Services, the EGX-listed medical diagnostics firm said in a statement (pdf), adding that it would instead be looking for new investments that it could consolidate on its balance sheet. Speed was after a 10% stake\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\/5\/481.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":563190,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/06\/22\/tawasol-limevest-make-their-move-for-alex-medical\/","url_meta":{"origin":565937,"position":3},"title":"Tawasol, LimeVest make their move for Alex Medical","author":"enterpriseam admin","date":"22 June 2021","format":false,"excerpt":"Tawasol-LimeVest consortium launches Alex Medical takeover bid: A consortium of Tawasol Holdings and LimeVest affiliate Maternity and Pediatrics Holding has made its move in the race for Alexandria Medical Services, submitting a bid that values the company at more than EGP 740 mn. The companies have submitted a request 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\/6\/279.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":565917,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/05\/17\/cleopatra-wants-100-of-alex-medical\/","url_meta":{"origin":565937,"position":4},"title":"Cleopatra wants 100% of Alex Medical","author":"enterpriseam admin","date":"17 May 2021","format":false,"excerpt":"Cleopatra mounts Alex Medical takeover bid: Cleopatra Hospitals Group (CHG) has submitted a mandatory tender offer to acquire up to 100% of Alexandria Medical Services in a transaction that would value the company at EGP 550 mn, the EGX-listed group said in a statement (pdf) this morning. The company has\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\/5\/367.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":556517,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/10\/28\/bidding-war-for-alex-medical-cooling-off\/","url_meta":{"origin":565937,"position":5},"title":"Bidding war for Alex Medical cooling off?","author":"enterpriseam admin","date":"28 October 2021","format":false,"excerpt":"The bidding war for Alex Medical appears to be cooling down, with Alexandria Medical Investment subsidiary TAT Medical Service being the latest to pull its offer to acquire up to 100% of Alex Medical Services, according to a Financial Regulatory Authority statement (pdf). The company notified the regulator yesterday, according\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\/10\/307.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/565937","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=565937"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/565937\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/afternoon\/565935"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=565937"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=565937"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=565937"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=565937"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=565937"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}