{"id":566733,"date":"2021-07-11T14:05:39","date_gmt":"2021-07-11T14:05:39","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2021\/07\/11\/sfe-loves-pharma-manufacturing-confirms-its-bidding-for-a-piece-of-amoun-with-adq\/"},"modified":"2021-07-11T14:05:39","modified_gmt":"2021-07-11T14:05:39","slug":"sfe-loves-pharma-manufacturing-confirms-its-bidding-for-a-piece-of-amoun-with-adq","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2021\/07\/11\/sfe-loves-pharma-manufacturing-confirms-its-bidding-for-a-piece-of-amoun-with-adq\/","title":{"rendered":"SFE loves pharma manufacturing, confirms it\u2019s bidding for a piece of Amoun with ADQ"},"content":{"rendered":"<p><a class=\"content-anchor\" id=\"tldr-story-02\"><\/a> <strong>The Sovereign Fund of Egypt has plenty of appetite for pharma<\/strong>, with CEO Ayman Soliman telling <a href=\"https:\/\/bit.ly\/3xzAWEK\">Hapi Journal<\/a> the company is in talks with potential partners to invest in domestic pharma manufacturing targeting both the domestic and export markets. Data from the government\u2019s Unified Procurement Authority will, in part, guide its choices on what products have the best local prospects. The story doesn\u2019t say how much the SFE will look to invest in manufacturing, nor does it specify whether it\u2019s looking at greenfield or brownfield targets.<\/p>\n<p><strong>And it\u2019s now official: The SFE will partner with Abu Dhabi sovereign wealth fund ADQ <\/strong><strong>in the acquisition of 100% of domestic manufacturing powerhouse Amoun. <\/strong>Soliman confirmed that new investments in manufacturing will take place alongside the fund\u2019s acquisition of a stake in <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/5ff934f4-35e2-41d7-a97e-5a0bd7634b47\">Amoun Pharma, a transaction being led by ADQ<\/a>. The SFE had reportedly joined ADQ in the bid for Amoun back in February, but the story was never confirmed. A subsidiary of ADQ confirmed at the end of June that it\u2019s still aiming to <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/5eed80cb-828d-44e8-8364-bed517c90850\">buy<\/a><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/5eed80cb-828d-44e8-8364-bed517c90850\">Amoun via a mandatory tender offer that could be worth as much as EGP 10.3 bn<\/a>. Amoun is presently a unit of Canada\u2019s Bausch Health.<\/p>\n<p><strong>Healthcare real estate and logistics are also getting some love. <\/strong>The fund is looking to invest in real estate projects that could be repurposed as hospitals, in partnership with health operators. It is also in the process of establishing a logistics company to invest in supply warehouses and build logistics hubs for the private sector and e-commerce companies. Partnerships in the sector will be finalized in the coming six months, Soliman added.<\/p>\n<p><strong>BACKGROUND: <\/strong>Healthcare is a <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/c003c21c-47e0-4eb4-8ce0-0cda47900c86\">top priority<\/a> for the fund, which has made several moves into the sector since the onset of the pandemic. Other than a <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/2377b687-8d51-4e2a-8731-0458d605cea0\">USD 300 mn joint venture<\/a> with Concord International Investments in May, the SFE was reportedly eyeing a stake in state pharma company Chemical Industries Development. Healthcare is one of four <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/13d69470-44e2-4702-9441-3421aefe4fa3\">previously announced<\/a> sub-funds the SFE is carving out, alongside financial services, tourism and real estate, and infrastructure.<\/p>\n<p><strong>The news comes just one week after the SFE said it would invest in <\/strong><strong><a href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/172347934935635\">Lighthouse<\/a><\/strong><strong><a href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/172347934935635\">Education<\/a><\/strong>, a new platform with partners including Misr Ins. Holding Company (MIH), Banque Misr, and the Suez Canal Bank. The Lighthouse transaction is part of an EGP 1.75 bn push into K-12 education announced earlier this <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/c8298555-2c1a-4220-a384-e1e6f7eff7e4\">month<\/a>; partners include Egyptian banks, among other investors. <strong>We\u2019ll have more on Lighthouse\u2019s plans in tomorrow\u2019s Blackboard<\/strong> in EnterpriseAM.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Sovereign Fund of Egypt has plenty of appetite for pharma, with CEO Ayman Soliman telling Hapi Journal the company is in talks with potential partners to invest in domestic pharma manufacturing targeting both the domestic and export markets. Data from the government\u2019s Unified Procurement Authority will, in part, guide its choices on what products [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":566734,"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":[10036],"tags":[299,633,125,173,427,370],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-566733","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-speed-round-investment-watch","tag-adq","tag-enterprisepm","tag-investment-watch","tag-lighthouse-education","tag-pharma","tag-sovereign-fund-of-egypt","wpautop","entry"],"acf":{"mongo_id":"038b5368-d8ee-43f4-86e7-31a202c5bba7","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2021\/7\/378.jpg","photo_position":"above","related_issue":[566727],"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>SFE loves pharma manufacturing, confirms it\u2019s bidding for a piece of Amoun with ADQ - 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\/11\/sfe-loves-pharma-manufacturing-confirms-its-bidding-for-a-piece-of-amoun-with-adq\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SFE loves pharma manufacturing, confirms it\u2019s bidding for a piece of Amoun with ADQ\" \/>\n<meta property=\"og:description\" content=\"The Sovereign Fund of Egypt has plenty of appetite for pharma, with CEO Ayman Soliman telling Hapi Journal the company is in talks with potential partners to invest in domestic pharma manufacturing targeting both the domestic and export markets. Data from the government\u2019s Unified Procurement Authority will, in part, guide its choices on what products [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2021\/07\/11\/sfe-loves-pharma-manufacturing-confirms-its-bidding-for-a-piece-of-amoun-with-adq\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2021-07-11T14:05:39+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2021\/7\/378.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=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/07\/11\/sfe-loves-pharma-manufacturing-confirms-its-bidding-for-a-piece-of-amoun-with-adq\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/07\/11\/sfe-loves-pharma-manufacturing-confirms-its-bidding-for-a-piece-of-amoun-with-adq\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"SFE loves pharma manufacturing, confirms it\u2019s bidding for a piece of Amoun with ADQ\",\"datePublished\":\"2021-07-11T14:05:39+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/07\/11\/sfe-loves-pharma-manufacturing-confirms-its-bidding-for-a-piece-of-amoun-with-adq\/\"},\"wordCount\":434,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/07\/11\/sfe-loves-pharma-manufacturing-confirms-its-bidding-for-a-piece-of-amoun-with-adq\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2021\/7\/378.jpg?fit=%2C&ssl=1\",\"keywords\":[\"ADQ\",\"EnterprisePM\",\"investment watch\",\"Lighthouse Education\",\"pharma\",\"Sovereign Fund of Egypt\"],\"articleSection\":[\"SPEED ROUND: INVESTMENT WATCH\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/07\/11\/sfe-loves-pharma-manufacturing-confirms-its-bidding-for-a-piece-of-amoun-with-adq\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2021\/07\/11\/sfe-loves-pharma-manufacturing-confirms-its-bidding-for-a-piece-of-amoun-with-adq\/\",\"name\":\"SFE loves pharma manufacturing, confirms it\u2019s bidding for a piece of Amoun with ADQ - 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Wealth Fund of Egypt (SFE) is reportedly going to join Abu Dhabi\u2019s sovereign wealth fund ADQ in its bid to acquire 100% of Bausch Health\u2019s unit in Egypt, Amoun Pharma, sources close to the matter reportedly told Hapi\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\/2\/510.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":563297,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/06\/27\/adq-still-wants-amoun-pharma\/","url_meta":{"origin":566733,"position":1},"title":"ADQ still wants Amoun Pharma","author":"enterpriseam admin","date":"27 June 2021","format":false,"excerpt":"ADQ moves forward with EGP 10 bn bid for Amoun Pharma: A subsidiary of Abu Dhabi\u2019s sovereign wealth fund ADQ is seeking Financial Regulatory Authority approval to launch a mandatory tender offer for up to 100% of Bausch Health\u2019s unit in Egypt, Amoun Pharma, in what could potentially be an\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\/327.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":561286,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/04\/01\/adq-reaches-agreement-to-snag-amoun-pharma\/","url_meta":{"origin":566733,"position":2},"title":"ADQ reaches agreement to snag Amoun Pharma","author":"enterpriseam admin","date":"1 April 2021","format":false,"excerpt":"Abu Dhabi\u2019s sovereign wealth fund ADQ is acquiring 100% of Bausch Health\u2019s unit in Egypt, Amoun Pharma, in a USD 740 mn transaction, Bausch said in a statement yesterday. The agreement comes as Canada\u2019s Bausch company looks to pare down debt. The definitive agreement includes a mandatory tender offer by\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\/4\/9.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":563762,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/07\/15\/shareholders-agree-to-sell-99-of-amoun-pharma-to-adq\/","url_meta":{"origin":566733,"position":3},"title":"Shareholders agree to sell 99% of Amoun Pharma to ADQ","author":"enterpriseam admin","date":"15 July 2021","format":false,"excerpt":"ADQ looks like it\u2019s getting almost all of Amoun: Amoun Pharma shareholders have agreed to sell a 99.9% stake in the company to Abu Dhabi sovereign fund ADQ in a mandatory tender offer, the EGX said in a statement yesterday. The 10-day subscription period for the MTO, which expired yesterday,\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\/208.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":565464,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/04\/11\/mogamma-building-overhaul-to-be-completed-asap\/","url_meta":{"origin":566733,"position":4},"title":"Mogamma building overhaul to be completed ASAP","author":"enterpriseam admin","date":"11 April 2021","format":false,"excerpt":"And speaking of the SFE, the fund is expected to reach an agreement with a private sector partner to repurpose the Mogamma Tahrir building by 3Q2021, Planning Minister and SFE Chairperson Hala El Said said in a statement (pdf). A timeline to move forward with the project \u2014 which will\u2026","rel":"","context":"In &quot;SPEED ROUND: INVESTMENT WATCH&quot;","block_context":{"text":"SPEED ROUND: INVESTMENT WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round-investment-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/4\/385.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":575504,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/10\/18\/adq-holding-could-buy-amoun-pharma-for-usd-700-mn\/","url_meta":{"origin":566733,"position":5},"title":"ADQ Holding could buy Amoun Pharma for USD 700 mn","author":"enterpriseam admin","date":"18 October 2020","format":false,"excerpt":"M&A WATCH- The Emirates\u2019 ADQ Holding could buy Amoun Pharma for USD 700 mn: Abu Dhabi\u2019s sovereign wealth fund ADQ is eyeing Bausch Health\u2019s unit in Egypt, AmounPharma, ahead of a potential acquisition with a price tag that could be north of USD 700 mn, Bloomberg reports, citing people familiar\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":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/566733","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=566733"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/566733\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/afternoon\/566727"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/566734"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=566733"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=566733"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=566733"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=566733"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=566733"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}