{"id":566103,"date":"2021-05-27T13:54:42","date_gmt":"2021-05-27T13:54:42","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2021\/05\/27\/sale-of-egytrans-subsidiary-could-up-its-valuation\/"},"modified":"2021-05-27T13:54:42","modified_gmt":"2021-05-27T13:54:42","slug":"sale-of-egytrans-subsidiary-could-up-its-valuation","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2021\/05\/27\/sale-of-egytrans-subsidiary-could-up-its-valuation\/","title":{"rendered":"Sale of EgyTrans subsidiary could up its valuation"},"content":{"rendered":"

<\/a> Paradigm Logistics<\/strong> has offered to sell its 72% stake in shipping subsidiary <\/strong>Ostool<\/a><\/strong> to <\/strong>EgyTrans through a share swap transaction, <\/strong>Paradigm said in regulatory filing (pdf)<\/a>. The statement did not note how many shares Paradigm will own in Egytrans following the transaction. Paradigm valued EgyTrans\u2019 shares at EGP 14.7 apiece, bringing its total value to EGP 460 mn. Paradigm also values Ostoul to range between EGP 495-640 mn, noting that this will still need to be determined by an independent financial advisor. Paradigm had acquired 62.3%<\/a> in Ostool from Raya Holding last month, giving it its current ownership level.<\/p>\n

Paradigm\u2019s valuation prompts EgyTrans to reconsider its sale price to HAUH: <\/strong>EgyTrans\u2019 board voted to postpone its approval of a separate valuation report completed this week<\/a> as part talks<\/a> that would see it acquire 100% of the HA Utilities Holding (HAUH) subsidiary HA Utilities BV in exchange for HAUH acquiring a 65% stake in EgyTrans, according to a separate bourse filing (pdf)<\/a> by EgyTrans. That report had attached a lower price of EGP 12.9, per-share, giving EgyTrans a valuation of EGP 414 mn.<\/p>\n

Background: <\/strong>Egytrans had accepted in March<\/a> an offer from HAUH to acquire a controlling stake in the company via a reverse merger. The transaction took a step closer this week, when the final fair value reports for both companies were finalized by Grant Thornton.<\/p>\n","protected":false},"excerpt":{"rendered":"

Paradigm Logistics has offered to sell its 72% stake in shipping subsidiary Ostool to EgyTrans through a share swap transaction, Paradigm said in regulatory filing (pdf). The statement did not note how many shares Paradigm will own in Egytrans following the transaction. Paradigm valued EgyTrans\u2019 shares at EGP 14.7 apiece, bringing its total value to […]<\/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":[10045],"tags":[1142,633,145,7128,476],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-566103","post","type-post","status-publish","format-standard","hentry","category-speed-round-ma-watch","tag-egytrans","tag-enterprisepm","tag-logistics","tag-ma-watch","tag-paradigm-logistics","wpautop","entry"],"acf":{"mongo_id":"8c328a1a-2aed-4fdc-a3db-ff220dd12a91","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[566097],"teaser":"","voice_url":""},"yoast_head":"\nSale of EgyTrans subsidiary could up its valuation - 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\/27\/sale-of-egytrans-subsidiary-could-up-its-valuation\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Sale of EgyTrans subsidiary could up its valuation\" \/>\n<meta property=\"og:description\" content=\"Paradigm Logistics has offered to sell its 72% stake in shipping subsidiary Ostool to EgyTrans through a share swap transaction, Paradigm said in regulatory filing (pdf). The statement did not note how many shares Paradigm will own in Egytrans following the transaction. Paradigm valued EgyTrans\u2019 shares at EGP 14.7 apiece, bringing its total value to […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2021\/05\/27\/sale-of-egytrans-subsidiary-could-up-its-valuation\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2021-05-27T13:54:42+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\/05\/27\/sale-of-egytrans-subsidiary-could-up-its-valuation\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/05\/27\/sale-of-egytrans-subsidiary-could-up-its-valuation\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Sale of EgyTrans subsidiary could up its valuation\",\"datePublished\":\"2021-05-27T13:54:42+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/05\/27\/sale-of-egytrans-subsidiary-could-up-its-valuation\/\"},\"wordCount\":227,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EgyTrans\",\"EnterprisePM\",\"logistics\",\"M&A Watch\",\"Paradigm Logistics\"],\"articleSection\":[\"SPEED ROUND: M&A WATCH\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/05\/27\/sale-of-egytrans-subsidiary-could-up-its-valuation\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2021\/05\/27\/sale-of-egytrans-subsidiary-could-up-its-valuation\/\",\"name\":\"Sale of EgyTrans subsidiary could up its valuation - 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The authority slammed the offer by Paradigm Logistics in a regulatory filing (pdf) today, saying the company\u2026","rel":"","context":"In "SPEED ROUND: M&A WATCH"","block_context":{"text":"SPEED ROUND: M&A WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round-ma-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/5\/494.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":556225,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/10\/17\/egytrans-walks-away-from-hauh-takeover-bid\/","url_meta":{"origin":566103,"position":1},"title":"Egytrans walks away from HAUH takeover bid","author":"enterpriseam admin","date":"17 October 2021","format":false,"excerpt":"Egytrans pulls the brakes on HAUH takeover: A potential reverse merger between Egytrans and Hassan Allam Utilities Holdings (HAUH) subsidiary Hassan Allam Utilities BV appears to have fallen through after the two sides failed to agree on a fair value, the transportation firm said in an EGX disclosure (pdf). 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PLUS: News from ADIB, EgyptAlum, Bostana","author":"enterpriseam admin","date":"18 December 2023","format":false,"excerpt":"Egytrans is partnering with Saudi\u2019s Link Investments to set up a Saudi LLC","rel":"","context":"In "Also on our Radar"","block_context":{"text":"Also on our Radar","link":"https:\/\/enterpriseam.com\/egypt\/category\/also-on-our-radar\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/12\/1140.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":601345,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/02\/26\/egytrans-reports-45-9-fall-in-net-profits-to-egp-41-8-mn-in-fy18\/","url_meta":{"origin":566103,"position":4},"title":"Egytrans reports 45.9% fall in net profits to EGP 41.8 mn in FY18","author":"enterpriseam admin","date":"26 February 2019","format":false,"excerpt":"EARNINGS WATCH- Egytrans has reported a FY2018 net profits of EGP 42 mn, down nearly 46% on the previous year, according to the company\u2019s earnings release (pdf). 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