{"id":571024,"date":"2020-04-27T03:38:17","date_gmt":"2020-04-27T03:38:17","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2020\/04\/27\/fra-gives-cairo-3a-the-greenlight-to-acquire-egyptian-starch-glucose\/"},"modified":"2020-04-27T03:38:17","modified_gmt":"2020-04-27T03:38:17","slug":"fra-gives-cairo-3a-the-greenlight-to-acquire-egyptian-starch-glucose","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2020\/04\/27\/fra-gives-cairo-3a-the-greenlight-to-acquire-egyptian-starch-glucose\/","title":{"rendered":"FRA gives Cairo 3A the greenlight to acquire Egyptian Starch & Glucose"},"content":{"rendered":"

M&A WATCH- Market regulator approves Egyptian Starch & Glucose MTO: <\/strong>The Financial Regulatory Authority (FRA) has approved Cairo 3A\u2019s mandatory tender offer (MTO) for 100% of Egyptian Starch & Glucose Company\u2019s (ESGC) 50.08 mn shares at a price of EGP 8.61 per share, according to a disclosure (pdf)<\/a>. The MTO, which set a higher per-share price based on FRA demands<\/a>, values the transaction at around EGP 431 mn. The offer remains valid through 7 May and will conclude Cairo 3A\u2019s acquisition of ESGC from its three main shareholders, the Egyptian International Tourism Projects Company (Americana Egypt), Americana Egypt\u2019s parent company Americana Group, and Cairo Poultry.<\/p>\n

That is, unless the ECA has anything to say about it:<\/strong> Cairo 3A has telegraphed that it will wait for the Egyptian Competition Authority to give its approval before pushing ahead with the transaction. It is not necessary for companies to get approval from the competition watchdog for mergers and acquisitions, but the authority has long sought signoff on M&A.<\/p>\n

Background:<\/strong> Cairo 3A earlier this year<\/a> began its bid to purchase shares in Egypt Starch & Glucose held by three major shareholders: a 23.2% stake held by Egyptian International Tourism Projects Company (Americana Egypt), Americana Egypt\u2019s parent company Americana Group\u2019s 41% stake, and Cairo Poultry\u2019s 27.3% stake.<\/p>\n","protected":false},"excerpt":{"rendered":"

M&A WATCH- Market regulator approves Egyptian Starch & Glucose MTO: The Financial Regulatory Authority (FRA) has approved Cairo 3A\u2019s mandatory tender offer (MTO) for 100% of Egyptian Starch & Glucose Company\u2019s (ESGC) 50.08 mn shares at a price of EGP 8.61 per share, according to a disclosure (pdf). The MTO, which set a higher per-share […]<\/p>\n","protected":false},"author":1,"featured_media":571025,"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":[2363,1787,4912,4913,72,4996,76,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-571024","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-speed-round","tag-americana-egypt","tag-americana-group","tag-egyptian-international-tourism-projects-company","tag-egyptian-starch-glucose-company","tag-enterpriseam","tag-esgc","tag-financial-regulatory-authority","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"0badfd0e-c85e-4636-bbef-d18eccea0cb7","is_powered_by":true,"section_story_id":"8321e1c8-48bf-428a-9d60-5ccb9c91d648","story_type":"1","photo_url":"https:\/\/ent.news\/2020\/4\/226.jpg","photo_position":"above","related_issue":[571015],"teaser":"","voice_url":""},"yoast_head":"\nFRA gives Cairo 3A the greenlight to acquire Egyptian Starch & Glucose - 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\/04\/27\/fra-gives-cairo-3a-the-greenlight-to-acquire-egyptian-starch-glucose\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"FRA gives Cairo 3A the greenlight to acquire Egyptian Starch & Glucose\" \/>\n<meta property=\"og:description\" content=\"M&A WATCH- Market regulator approves Egyptian Starch & Glucose MTO: The Financial Regulatory Authority (FRA) has approved Cairo 3A\u2019s mandatory tender offer (MTO) for 100% of Egyptian Starch & Glucose Company\u2019s (ESGC) 50.08 mn shares at a price of EGP 8.61 per share, according to a disclosure (pdf). The MTO, which set a higher per-share […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2020\/04\/27\/fra-gives-cairo-3a-the-greenlight-to-acquire-egyptian-starch-glucose\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2020-04-27T03:38:17+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2020\/4\/226.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\/2020\/04\/27\/fra-gives-cairo-3a-the-greenlight-to-acquire-egyptian-starch-glucose\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/04\/27\/fra-gives-cairo-3a-the-greenlight-to-acquire-egyptian-starch-glucose\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"FRA gives Cairo 3A the greenlight to acquire Egyptian Starch & Glucose\",\"datePublished\":\"2020-04-27T03:38:17+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/04\/27\/fra-gives-cairo-3a-the-greenlight-to-acquire-egyptian-starch-glucose\/\"},\"wordCount\":221,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/04\/27\/fra-gives-cairo-3a-the-greenlight-to-acquire-egyptian-starch-glucose\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2020\/4\/226.jpg?fit=%2C&ssl=1\",\"keywords\":[\"Americana Egypt\",\"Americana Group\",\"Egyptian International Tourism Projects Company\",\"Egyptian Starch & Glucose Company\",\"EnterpriseAM\",\"ESGC\",\"Financial Regulatory Authority\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/04\/27\/fra-gives-cairo-3a-the-greenlight-to-acquire-egyptian-starch-glucose\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2020\/04\/27\/fra-gives-cairo-3a-the-greenlight-to-acquire-egyptian-starch-glucose\/\",\"name\":\"FRA gives Cairo 3A the greenlight to acquire Egyptian Starch & Glucose - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/04\/27\/fra-gives-cairo-3a-the-greenlight-to-acquire-egyptian-starch-glucose\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/04\/27\/fra-gives-cairo-3a-the-greenlight-to-acquire-egyptian-starch-glucose\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2020\/4\/226.jpg?fit=%2C&ssl=1\",\"datePublished\":\"2020-04-27T03:38:17+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/04\/27\/fra-gives-cairo-3a-the-greenlight-to-acquire-egyptian-starch-glucose\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2020\/04\/27\/fra-gives-cairo-3a-the-greenlight-to-acquire-egyptian-starch-glucose\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/04\/27\/fra-gives-cairo-3a-the-greenlight-to-acquire-egyptian-starch-glucose\/#primaryimage\",\"url\":\"https:\/\/i0.wp.com\/ent.news\/2020\/4\/226.jpg?fit=%2C&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/ent.news\/2020\/4\/226.jpg?fit=%2C&ssl=1\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/04\/27\/fra-gives-cairo-3a-the-greenlight-to-acquire-egyptian-starch-glucose\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"FRA gives Cairo 3A the greenlight to acquire Egyptian Starch & Glucose\"}]},{\"@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\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"FRA gives Cairo 3A the greenlight to acquire Egyptian Starch & Glucose - 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\/2020\/04\/27\/fra-gives-cairo-3a-the-greenlight-to-acquire-egyptian-starch-glucose\/","og_locale":"en_US","og_type":"article","og_title":"FRA gives Cairo 3A the greenlight to acquire Egyptian Starch & Glucose","og_description":"M&A WATCH- Market regulator approves Egyptian Starch & Glucose MTO: The Financial Regulatory Authority (FRA) has approved Cairo 3A\u2019s mandatory tender offer (MTO) for 100% of Egyptian Starch & Glucose Company\u2019s (ESGC) 50.08 mn shares at a price of EGP 8.61 per share, according to a disclosure (pdf). The MTO, which set a higher per-share […]","og_url":"https:\/\/enterpriseam.com\/egypt\/2020\/04\/27\/fra-gives-cairo-3a-the-greenlight-to-acquire-egyptian-starch-glucose\/","og_site_name":"EnterpriseAM Egypt","article_published_time":"2020-04-27T03:38:17+00:00","og_image":[{"url":"https:\/\/i0.wp.com\/ent.news\/2020\/4\/226.jpg?fit=%2C&ssl=1","type":"","width":"","height":""}],"author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/egypt\/2020\/04\/27\/fra-gives-cairo-3a-the-greenlight-to-acquire-egyptian-starch-glucose\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/2020\/04\/27\/fra-gives-cairo-3a-the-greenlight-to-acquire-egyptian-starch-glucose\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"FRA gives Cairo 3A the greenlight to acquire Egyptian Starch & Glucose","datePublished":"2020-04-27T03:38:17+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2020\/04\/27\/fra-gives-cairo-3a-the-greenlight-to-acquire-egyptian-starch-glucose\/"},"wordCount":221,"publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/2020\/04\/27\/fra-gives-cairo-3a-the-greenlight-to-acquire-egyptian-starch-glucose\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2020\/4\/226.jpg?fit=%2C&ssl=1","keywords":["Americana Egypt","Americana Group","Egyptian International Tourism Projects Company","Egyptian Starch & Glucose Company","EnterpriseAM","ESGC","Financial Regulatory Authority","SPEED ROUND"],"articleSection":["Speed Round"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/egypt\/2020\/04\/27\/fra-gives-cairo-3a-the-greenlight-to-acquire-egyptian-starch-glucose\/","url":"https:\/\/enterpriseam.com\/egypt\/2020\/04\/27\/fra-gives-cairo-3a-the-greenlight-to-acquire-egyptian-starch-glucose\/","name":"FRA gives Cairo 3A the greenlight to acquire Egyptian Starch & Glucose - EnterpriseAM Egypt","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/#website"},"primaryImageOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2020\/04\/27\/fra-gives-cairo-3a-the-greenlight-to-acquire-egyptian-starch-glucose\/#primaryimage"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/2020\/04\/27\/fra-gives-cairo-3a-the-greenlight-to-acquire-egyptian-starch-glucose\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2020\/4\/226.jpg?fit=%2C&ssl=1","datePublished":"2020-04-27T03:38:17+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/egypt\/2020\/04\/27\/fra-gives-cairo-3a-the-greenlight-to-acquire-egyptian-starch-glucose\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/egypt\/2020\/04\/27\/fra-gives-cairo-3a-the-greenlight-to-acquire-egyptian-starch-glucose\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/2020\/04\/27\/fra-gives-cairo-3a-the-greenlight-to-acquire-egyptian-starch-glucose\/#primaryimage","url":"https:\/\/i0.wp.com\/ent.news\/2020\/4\/226.jpg?fit=%2C&ssl=1","contentUrl":"https:\/\/i0.wp.com\/ent.news\/2020\/4\/226.jpg?fit=%2C&ssl=1"},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/egypt\/2020\/04\/27\/fra-gives-cairo-3a-the-greenlight-to-acquire-egyptian-starch-glucose\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/egypt\/"},{"@type":"ListItem","position":2,"name":"FRA gives Cairo 3A the greenlight to acquire Egyptian Starch & Glucose"}]},{"@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":"https:\/\/i0.wp.com\/ent.news\/2020\/4\/226.jpg?resize=600%2C400&ssl=1","featured_image_src_square":"https:\/\/i0.wp.com\/ent.news\/2020\/4\/226.jpg?resize=600%2C600&ssl=1","author_info":{"display_name":"enterpriseam admin","author_link":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"},"jetpack_featured_media_url":"https:\/\/i0.wp.com\/ent.news\/2020\/4\/226.jpg?fit=%2C&ssl=1","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":568847,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/02\/05\/egyptian-starch-and-glucose-company-approves-cairo-3a-acquisition-bid\/","url_meta":{"origin":571024,"position":0},"title":"Egyptian Starch and Glucose Company approves Cairo 3A acquisition bid","author":"enterpriseam admin","date":"5 February 2020","format":false,"excerpt":"M&A WATCH- Starch and Glucose Company approves Cairo 3A acquisition bid: The Egyptian Starch and Glucose Company\u2019s (ESGC) board of directors has greenlit Cairo 3A\u2019s bid to acquire all of Americana Group, Americana Egypt, and Cairo Poultry\u2019s shares in ESGC, according to a bourse disclosure (pdf). The three shareholders, 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":571445,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/05\/12\/cairo-3a-closes-egp-420-mn-acquisition-of-egyptian-starch-glucose\/","url_meta":{"origin":571024,"position":1},"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":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":571024,"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":570735,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/04\/13\/cairo-3a-gets-greenlight-to-purchase-egyptian-starch-glucose-from-shareholders\/","url_meta":{"origin":571024,"position":3},"title":"Cairo 3A gets greenlight to purchase Egyptian Starch & Glucose from shareholders","author":"enterpriseam admin","date":"13 April 2020","format":false,"excerpt":"M&A WATCH- Cairo 3A gets seller approval on Egyptian Starch & Glucose (ESGC) acquisition: Egyptian International Tourism Projects Company (Americana Egypt), Americana Group and Cairo Poultry have all agreed to sell their stakes in ESGC to Cairo 3A at EGP 8.54 per share, according to EGX disclosures here, here, and\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":568932,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/02\/09\/egyptian-competition-authority-probes-cairo-3as-bid-to-acquire-starch-and-glucose-company\/","url_meta":{"origin":571024,"position":4},"title":"Egyptian Competition Authority probes Cairo 3A\u2019s bid to acquire Starch and Glucose Company","author":"enterpriseam admin","date":"9 February 2020","format":false,"excerpt":"M&A WATCH- ECA probing Cairo 3A\u2019s bid to acquire majority stake in Starch and Glucose Company: The Egyptian Competition Authority (ECA) has asked for details on a bid by commodities and poultry trader Cairo 3A to acquire a major stake in the Egyptian Starch and Glucose Company\u2019s (ESGC) before greenlighting\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":570844,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/04\/16\/fra-says-cairo-3a-will-have-to-pay-nearly-1-more-than-expected-to-acquire-egyptian-starch-glucose\/","url_meta":{"origin":571024,"position":5},"title":"FRA says Cairo 3A will have to pay nearly 1% more than expected to acquire Egyptian Starch & Glucose","author":"enterpriseam admin","date":"16 April 2020","format":false,"excerpt":"M&A WATCH- Cairo 3A will have to pay nearly 1% more than expected to acquire Egyptian Starch & Glucose after the Financial Regulatory Authority (FRA)mandated an acquisition price of EGP 8.61 per share. The EGP 8.54 per share Cairo 3A had offered was below the average closing price in the\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\/4\/155.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\/571024","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=571024"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/571024\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/571015"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/571025"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=571024"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=571024"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=571024"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=571024"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=571024"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}