{"id":572533,"date":"2020-06-29T04:36:27","date_gmt":"2020-06-29T04:36:27","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2020\/06\/29\/pioneers-holding-to-split-into-three-new-companies-list-on-egx-in-4q2020\/"},"modified":"2020-06-29T04:36:27","modified_gmt":"2020-06-29T04:36:27","slug":"pioneers-holding-to-split-into-three-new-companies-list-on-egx-in-4q2020","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2020\/06\/29\/pioneers-holding-to-split-into-three-new-companies-list-on-egx-in-4q2020\/","title":{"rendered":"Pioneers Holding to split into three new companies, list on EGX in 4Q2020"},"content":{"rendered":"<p><a class=\"content-anchor\" id=\"tldr-story-02\"><\/a> <strong>IPO WATCH- Pioneers Holding to split into three new companies, list them on the EGX in <\/strong><strong>4Q2020: <\/strong>Pioneers Holding plans to split into three separate arms, one each focused on financial services, real estate, and industry, it announced in a <a href=\"https:\/\/www.egx.com.eg\/downloads\/News\/%d8%a8%d8%a7%d9%8a%d9%88%d9%86%d9%8a%d8%b1%d8%b2%20%d9%86%d8%aa%d8%a7%d8%a6%d8%ac%20%d8%a7%d8%b9%d9%85%d8%a7%d9%84%2028-6-2020.pdf\">statement (pdf)<\/a>. This will mean that Pioneers will be spinning three subsidiaries off onto the EGX under three separate tickers in 4Q2020 in a first-of-its-kind move in Egypt. The restructuring, which the company <a href=\"https:\/\/enterprise.press\/stories\/2019\/10\/02\/pioneers-holding-to-make-five-mtos-split-into-three-companies\/\">announced<\/a> in October, aims to help expand into new businesses while improving its focus on core activities, the statement said. The company has recently completed an MTO in a bid to cobble together larger positions in five of its EGX-listed subsidiaries \u2014 which wrapped up <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/8a4fb9b9-9247-4715-9888-31eec45f5360\">earlier this month<\/a> \u2014 before moving ahead with the restructuring.<\/p>\n<p><strong>Advisors:<\/strong> UHY United is acting as Pioneers\u2019 financial advisor and Baker McKenzie is providing legal advice.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>IPO WATCH- Pioneers Holding to split into three new companies, list them on the EGX in 4Q2020: Pioneers Holding plans to split into three separate arms, one each focused on financial services, real estate, and industry, it announced in a statement (pdf). This will mean that Pioneers will be spinning three subsidiaries off onto the [&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":[72,78,3307,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-572533","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-ipo-watch","tag-pioneers-holding","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"88b520b7-0692-46f0-8d18-5843c8a92691","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[572528],"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>Pioneers Holding to split into three new companies, list on EGX in 4Q2020 - 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\/06\/29\/pioneers-holding-to-split-into-three-new-companies-list-on-egx-in-4q2020\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Pioneers Holding to split into three new companies, list on EGX in 4Q2020\" \/>\n<meta property=\"og:description\" content=\"IPO WATCH- Pioneers Holding to split into three new companies, list them on the EGX in 4Q2020: Pioneers Holding plans to split into three separate arms, one each focused on financial services, real estate, and industry, it announced in a statement (pdf). 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The new companies \u2014 Pioneers Properties and Gadwa Industrial Development \u2014 will focus on real estate and\u2026","rel":"","context":"In &quot;DEMERGER WATCH&quot;","block_context":{"text":"DEMERGER WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/demerger-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/9\/228.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":593569,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/10\/02\/pioneers-holding-to-make-five-mtos-split-into-three-companies\/","url_meta":{"origin":572533,"position":1},"title":"Pioneers Holding to make five MTOs, split into three companies","author":"enterpriseam admin","date":"2 October 2019","format":false,"excerpt":"Pioneers to make five MTOs: Pioneers Holdings\u2019 board of directors has agreed to make non-cash mandatory tender offers to increase its share to 90% in five of its EGX-listed subsidiaries, Youm7 reported. Pioneers has yet to acquire approval from the regulator to make the MTOs, which would be executed via\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":556115,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/10\/12\/pioneers-holding-is-now-aspire\/","url_meta":{"origin":572533,"position":2},"title":"Pioneers Holding is now Aspire","author":"enterpriseam admin","date":"12 October 2021","format":false,"excerpt":"Pioneers Holding is now Aspire Capital Holding: The EGX Listing Committee approved yesterday Pioneer Holding\u2019s rebranding to Aspire Capital Holding, the company said in a statement (pdf). 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Reports had emerged last July that Rooya had filed to list 30% of its shares\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":645400,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/07\/19\/pioneers-holding-to-list-30-its-shares-in-rooya-real-estate-on-egx\/","url_meta":{"origin":572533,"position":4},"title":"Pioneers Holding to list 30% its shares in Rooya Real Estate on EGX","author":"enterpriseam admin","date":"19 July 2017","format":false,"excerpt":"IPO WATCH- Pioneers Holding is set to list 30% of its shares in Rooya Real Estate Investment Company on the EGX in 2H17, board member Khaled El Tayeb tells Reuters. 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