{"id":571405,"date":"2020-05-11T03:56:06","date_gmt":"2020-05-11T03:56:06","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2020\/05\/11\/fra-approves-pioneers-holdings-five-way-mto\/"},"modified":"2020-05-11T03:56:06","modified_gmt":"2020-05-11T03:56:06","slug":"fra-approves-pioneers-holdings-five-way-mto","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2020\/05\/11\/fra-approves-pioneers-holdings-five-way-mto\/","title":{"rendered":"FRA approves Pioneers Holdings\u2019 five-way MTO"},"content":{"rendered":"<p><strong>M&A WATCH- FRA approves Pioneers Holding\u2019s acquisition of five of its subsidiaries <\/strong><strong>shares: <\/strong>The Financial Regulatory Authority has approved Pioneers Holding non-cash mandatory tender offers to increase its share to 90% in five of its EGX-listed subsidiary companies, <a href=\"https:\/\/www.egx.com.eg\/en\/NewsDetails.aspx?NewsID=197622\">according to an EGX disclosure<\/a>. The five companies include two real estate developers, two contracting arms, and one electric cables manufacturer: El Giza General Co. For Contracting & Real Estate, El Motaheda For Housing & Reconstruction, El Saeed For Contracting & Real Estate Investment, Cairo Housing and Development, and Electro Cable Egypt.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>M&#038;A WATCH- FRA approves Pioneers Holding\u2019s acquisition of five of its subsidiaries shares: The Financial Regulatory Authority has approved Pioneers Holding non-cash mandatory tender offers to increase its share to 90% in five of its EGX-listed subsidiary companies, according to an EGX disclosure. The five companies include two real estate developers, two contracting arms, and [&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":[8572],"tags":[3433,4399,4400,4401,10342,72,4767,76,4391,3307,2380,4768],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-571405","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-baker-mckenzie","tag-el-giza-general-co-for-contracting-real-estate","tag-el-motaheda-for-housing-reconstruction","tag-el-saeed-for-contracting-real-estate-investment","tag-electro-cable-egypt","tag-enterpriseam","tag-financial-advice-corporate-transactions","tag-financial-regulatory-authority","tag-fincorp","tag-pioneers-holding","tag-speed-round","tag-uhy-united","wpautop","entry"],"acf":{"mongo_id":"02ca1bbd-77b8-4c37-a207-49794457dbed","is_powered_by":true,"section_story_id":"78bd44d3-3a0f-4c34-8ed4-f7c105135182","story_type":"1","photo_url":"","photo_position":"above","related_issue":[571389],"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>FRA approves Pioneers Holdings\u2019 five-way MTO - 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\/05\/11\/fra-approves-pioneers-holdings-five-way-mto\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"FRA approves Pioneers Holdings\u2019 five-way MTO\" \/>\n<meta property=\"og:description\" content=\"M&amp;A WATCH- FRA approves Pioneers Holding\u2019s acquisition of five of its subsidiaries shares: The Financial Regulatory Authority has approved Pioneers Holding non-cash mandatory tender offers to increase its share to 90% in five of its EGX-listed subsidiary companies, according to an EGX disclosure. 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The subsidiaries are El Giza General Co. For Contracting\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":567249,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/01\/16\/pioneers-holding-to-invest-egp-3-bn-through-its-subsidiaries-in-2020\/","url_meta":{"origin":571405,"position":1},"title":"Pioneers Holding to invest EGP 3 bn through its subsidiaries in 2020","author":"enterpriseam admin","date":"16 January 2020","format":false,"excerpt":"INVESTMENT WATCH- Pioneers Holding plans to invest EGP 3 bn through its subsidiaries by the end of this year, according to the local press. It remains unclear what these investments will be used for. Pioneers had submitted a mandatory tender offer (MTO) for a 90% stake in five of its\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":569872,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/03\/10\/pioneers-holding-to-move-ahead-with-five-way-mto-after-lowering-share-price\/","url_meta":{"origin":571405,"position":2},"title":"Pioneers Holding to move ahead with five-way MTO after lowering share price","author":"enterpriseam admin","date":"10 March 2020","format":false,"excerpt":"M&A WATCH- Pioneers Holding to move ahead with its five-way MTO after lowering share swap price: Pioneers Holding has decided to proceed with acquiring new stakes in five of its subsidiaries despite the Financial Regulatory Authority (FRA) requesting that it lower the share prices from the valuation submitted earlier this\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":569704,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/03\/04\/pioneers-holding-approves-fair-value-study-for-its-five-way-mto\/","url_meta":{"origin":571405,"position":3},"title":"Pioneers Holding approves fair value study for its five-way MTO","author":"enterpriseam admin","date":"4 March 2020","format":false,"excerpt":"M&A WATCH- Pioneers Holding approves fair value study for its five-way MTO: Pioneers Holding has approved a fair value study by the recently hired Financial Advice Corporate Transactions (FACT) as a prelude to acquiring new stakes in five of its subsidiaries,according to a regulatory filing (pdf). Pioneers will make non-cash\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":572149,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/06\/14\/pioneers-completes-five-way-mto\/","url_meta":{"origin":571405,"position":4},"title":"Pioneers completes five-way MTO","author":"enterpriseam admin","date":"14 June 2020","format":false,"excerpt":"M&A WATCH- Pioneers completes five-way MTO: Pioneers Holding\u2019s non-cash mandatory tender offers to increase its share to 90% in five of its EGX-listed subsidiaries wrapped up during Thursday\u2019s trading session, the company said in a regulatory filing (pdf). Al Mal was out with news on Thursday from the exchange listing\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":590649,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/12\/30\/fra-extends-the-deadline-of-pioneers-holding-to-present-its-mto-to-ten-days\/","url_meta":{"origin":571405,"position":5},"title":"FRA extends the deadline of Pioneers Holding to present its MTO to ten days","author":"enterpriseam admin","date":"30 December 2019","format":false,"excerpt":"M&A WATCH- FRA grants Pioneers Holding 10-day extension for MTO: The Financial Regulatory Authority (FRA) has extended by 10 business days Pioneers Holding\u2019s deadline to present its mandatory tender offer (MTO) to raise its share in five of its EGX-listed subsidiaries to 90%, the FRA said in a statement (pdf).\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\/571405","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=571405"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/571405\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/571389"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=571405"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=571405"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=571405"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=571405"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=571405"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}