{"id":571446,"date":"2020-05-12T04:02:56","date_gmt":"2020-05-12T04:02:56","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2020\/05\/12\/alexandria-cement-fair-value-determined-to-be-egp-4-02-a-share\/"},"modified":"2020-05-12T04:02:56","modified_gmt":"2020-05-12T04:02:56","slug":"alexandria-cement-fair-value-determined-to-be-egp-4-02-a-share","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2020\/05\/12\/alexandria-cement-fair-value-determined-to-be-egp-4-02-a-share\/","title":{"rendered":"Alexandria Cement fair value determined to be EGP 4.02 a share"},"content":{"rendered":"<p><strong>An arm of <\/strong><strong><a href=\"http:\/\/titancementegypt.com\/\">Titan Cement Egypt<\/a><\/strong><strong> will pay a significant premium to acquire the nearly 1.3% <\/strong><strong>of Alexandria Portland Cement that it doesn\u2019t already own <\/strong>after a fair value study said the subsidiary\u2019s shares are worth EGP 4.02 a piece, <a href=\"https:\/\/www.egx.com.eg\/downloads\/Bulletins\/245096_1.pdf\">according to an EGX disclosure (pdf)<\/a>. Titan subsidiary Alexandria Development <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/d9f31fe8-2406-47bd-b251-1606f4940956\">has offered<\/a> EGP 6.00 per share. The Financial Regulatory Authority had required Titan <a href=\"https:\/\/enterprise.press\/stories\/2019\/11\/27\/fra-orders-greeces-titan-to-submit-mto-for-alexandria-cement-7158\/\">last year<\/a> to present an MTO for the minority stake.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>An arm of Titan Cement Egypt will pay a significant premium to acquire the nearly 1.3% of Alexandria Portland Cement that it doesn\u2019t already own after a fair value study said the subsidiary\u2019s shares are worth EGP 4.02 a piece, according to an EGX disclosure (pdf). Titan subsidiary Alexandria Development has offered EGP 6.00 per [&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":[5113,4462,72,76,7128,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-571446","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-alexandria-development-company","tag-alexandria-portland-cement","tag-enterpriseam","tag-financial-regulatory-authority","tag-ma-watch","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"b36958d6-a4e1-4f24-bc56-a8e55c8b1c5c","is_powered_by":true,"section_story_id":"1c23ccc2-49f3-4ec3-8a96-2b792743862c","story_type":"1","photo_url":"","photo_position":"above","related_issue":[571429],"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>Alexandria Cement fair value determined to be EGP 4.02 a share - 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\/12\/alexandria-cement-fair-value-determined-to-be-egp-4-02-a-share\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Alexandria Cement fair value determined to be EGP 4.02 a share\" \/>\n<meta property=\"og:description\" content=\"An arm of Titan Cement Egypt will pay a significant premium to acquire the nearly 1.3% of Alexandria Portland Cement that it doesn\u2019t already own after a fair value study said the subsidiary\u2019s shares are worth EGP 4.02 a piece, according to an EGX disclosure (pdf). Titan subsidiary Alexandria Development has offered EGP 6.00 per [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2020\/05\/12\/alexandria-cement-fair-value-determined-to-be-egp-4-02-a-share\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2020-05-12T04:02:56+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<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/05\/12\/alexandria-cement-fair-value-determined-to-be-egp-4-02-a-share\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/05\/12\/alexandria-cement-fair-value-determined-to-be-egp-4-02-a-share\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Alexandria Cement fair value determined to be EGP 4.02 a share\",\"datePublished\":\"2020-05-12T04:02:56+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/05\/12\/alexandria-cement-fair-value-determined-to-be-egp-4-02-a-share\/\"},\"wordCount\":82,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"Alexandria Development company\",\"Alexandria Portland Cement\",\"EnterpriseAM\",\"Financial Regulatory Authority\",\"M&amp;A Watch\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/05\/12\/alexandria-cement-fair-value-determined-to-be-egp-4-02-a-share\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2020\/05\/12\/alexandria-cement-fair-value-determined-to-be-egp-4-02-a-share\/\",\"name\":\"Alexandria Cement fair value determined to be EGP 4.02 a share - 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Titan plans to delist Alexandria\u2019s shares from the EGX after completing the transaction, according to the disclosure. The\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":570809,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/04\/15\/fra-approves-alexandria-developments-purchase-of-1-28-of-alexandria-portland-cement\/","url_meta":{"origin":571446,"position":2},"title":"FRA approves Alexandria Development\u2019s purchase of 1.28% of Alexandria Portland Cement","author":"enterpriseam admin","date":"15 April 2020","format":false,"excerpt":"M&A WATCH- Market regulator accepts Alexandria Development\u2019s MTO for 1.28% of Alexandria Portland Cement: The Financial Regulatory Authority (FRA) has approved Alexandria Development\u2019s offer to purchase 1.28% or 5.84 mn shares of Alexandria Portland Cement at EGP 6 apiece, according to an EGX disclosure (pdf). An MTO long in the\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":567554,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/01\/27\/fra-extends-titan-groups-mto-deadline-for-alexandria-cement-another-month\/","url_meta":{"origin":571446,"position":3},"title":"FRA extends Titan Group\u2019s MTO deadline for Alexandria Cement another month","author":"enterpriseam admin","date":"27 January 2020","format":false,"excerpt":"M&A WATCH- Market regulator extends Titan Group\u2019s MTO deadline for Alexandria Cement shares by another month: The Financial Regulatory Authority (FRA) granted Greek cement company Titan Group another one-month grace period to present its mandatory tender offer (MTO) to acquire Alexandria Portland Cement, the regulator 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":[]},{"id":592152,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/12\/29\/fra-extends-the-deadline-of-titan-group-to-present-its-mto-to-one-month\/","url_meta":{"origin":571446,"position":4},"title":"FRA extends the deadline of Titan Group to present its MTO to one month","author":"enterpriseam admin","date":"29 December 2019","format":false,"excerpt":"M&A WATCH- Market regulator grants one-month extension to Titan Group on MTO deadline for Alexandria Cement: The Financial Regulatory Authority (FRA) extended by one month the deadline for Greek cement companyTitan Group to present its mandatory tender offer (MTO) to acquire Alexandria Portland Cement, the FRA said in a statement.\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":591519,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/12\/09\/titan-group-agrees-to-launch-mto-for-100-of-alexandria-cement\/","url_meta":{"origin":571446,"position":5},"title":"Titan Group agrees to launch MTO for 100% of Alexandria Cement","author":"enterpriseam admin","date":"9 December 2019","format":false,"excerpt":"M&A WATCH- Greek cement company Titan Group will launch a mandatory tender offer (MTO) for 100% of Alexandria Portland Cement \u201cwithin days,\u201d Alexandria Cement said in a bourse disclosure (pdf). Titan had acquired Alexandria Cement\u2019s parent company, Alexandria Development, which made it an indirect majority owner through a related party\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\/571446","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=571446"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/571446\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/571429"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=571446"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=571446"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=571446"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=571446"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=571446"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}