{"id":567246,"date":"2020-01-16T04:07:08","date_gmt":"2020-01-16T04:07:08","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2020\/01\/16\/cairo-3a-acquires-50-stake-in-pyramid-poultry\/"},"modified":"2020-01-16T04:07:08","modified_gmt":"2020-01-16T04:07:08","slug":"cairo-3a-acquires-50-stake-in-pyramid-poultry","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2020\/01\/16\/cairo-3a-acquires-50-stake-in-pyramid-poultry\/","title":{"rendered":"Cairo 3A acquires 50% stake in Pyramid Poultry"},"content":{"rendered":"

M&A WATCH- Cairo 3A acquires 50% of Pyramid Poultry:<\/strong> Cairo 3A has acquired a 50% stake in Pyramid Poultry for EGP 340.2 mn, according to the local press.<\/a> Pyramid Poultry\u2019s financial advisor CI Capital valued the company at EGP 680.4 mn, with each of its 12 mn shares valued at EGP 56.7. The company is planning a EGP 153 mn capital increase within the next two months, more than doubling its current capital to EGP 273 mn from EGP 120 mn currently. The two companies were negotiating the sale of a 60% stake but decided on 50% before concluding the transaction.<\/p>\n","protected":false},"excerpt":{"rendered":"

M&A WATCH- Cairo 3A acquires 50% of Pyramid Poultry: Cairo 3A has acquired a 50% stake in Pyramid Poultry for EGP 340.2 mn, according to the local press. Pyramid Poultry\u2019s financial advisor CI Capital valued the company at EGP 680.4 mn, with each of its 12 mn shares valued at EGP 56.7. The company is […]<\/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":[8572],"tags":[72,564,125,7128,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-567246","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-food","tag-investment-watch","tag-ma-watch","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"caa5d108-283f-4599-8b8e-92936e64347b","is_powered_by":true,"section_story_id":"a28ee6ae-8001-4696-b7cd-fadeae71c157","story_type":"1","photo_url":"","photo_position":"above","related_issue":[567233],"teaser":"","voice_url":""},"yoast_head":"\nCairo 3A acquires 50% stake in Pyramid Poultry - 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\/2020\/01\/16\/cairo-3a-acquires-50-stake-in-pyramid-poultry\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Cairo 3A acquires 50% stake in Pyramid Poultry\" \/>\n<meta property=\"og:description\" content=\"M&A WATCH- Cairo 3A acquires 50% of Pyramid Poultry: Cairo 3A has acquired a 50% stake in Pyramid Poultry for EGP 340.2 mn, according to the local press. Pyramid Poultry\u2019s financial advisor CI Capital valued the company at EGP 680.4 mn, with each of its 12 mn shares valued at EGP 56.7. 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Negotiations have reportedly reached the final stages, and the acquisition is expected to be completed within a month. Cairo 3A plans to\u2026","rel":"","context":"In "Speed Round"","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":568559,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/11\/15\/cairo-3a-to-invest-egp-7-bn-in-bahariya-poultry-farm-till-2023\/","url_meta":{"origin":567246,"position":1},"title":"Cairo 3A to invest EGP 7 bn in Bahariya poultry farm till 2023","author":"enterpriseam admin","date":"15 November 2020","format":false,"excerpt":"INVESTMENT WATCH - Agriculture trader Cairo 3A plans to invest EGP 7 bn in its poultry farm project off of the Bahariya Oasis road over the next three years, company chairman Mona Mehrez told the local press. Some EGP 2.5 bn will be dedicated to the project\u2019s first stage, which\u2026","rel":"","context":"In "Speed Round"","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":568788,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/02\/04\/americana-approves-cairo-3a-bid-to-acquire-its-stake-in-egyptian-starch-and-glucose\/","url_meta":{"origin":567246,"position":2},"title":"Americana approves Cairo 3A bid to acquire its stake in Egyptian Starch and Glucose","author":"enterpriseam admin","date":"4 February 2020","format":false,"excerpt":"M&A WATCH- Starch and Glucose Company shareholders approve Cairo 3A acquisition bid: The Egyptian International Tourism Projects Company (Americana Egypt) and Cairo Poultry yesterday approved an offer from Cairo 3A to purchase their holdings in the Egyptian Starch and Glucose Company (ESGC), according to three bourse disclosures (here and here\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/2\/48.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":571445,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/05\/12\/cairo-3a-closes-egp-420-mn-acquisition-of-egyptian-starch-glucose\/","url_meta":{"origin":567246,"position":3},"title":"Cairo 3A closes EGP 420 mn acquisition of Egyptian Starch & Glucose","author":"enterpriseam admin","date":"12 May 2020","format":false,"excerpt":"M&A WATCH- Cairo 3A closes EGP 420 mn acquisition of Egyptian Starch & Glucose after successful MTO: Cairo 3A has closed its acquisition of a 97.5% stake in Egyptian Starch & Glucose Company (ESGC), said Hassan Samir Farid, the managing director of Prime Securities, which acted as a broker on\u2026","rel":"","context":"In "Speed Round"","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":600304,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/01\/27\/pyramids-poultry-considers-ipo\/","url_meta":{"origin":567246,"position":4},"title":"Pyramids Poultry considers IPO","author":"enterpriseam admin","date":"27 January 2019","format":false,"excerpt":"IPO WATCH- Is Pyramid Poultry playing hard to get? Pyramid Poultry is reportedly considering an IPO despite an active acquisition offer from agricultural commodity trader and manufacturer Cairo 3A, Pyramid Poultry head Anwar El Abd told local news sources. 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