{"id":572701,"date":"2020-07-06T03:57:31","date_gmt":"2020-07-06T03:57:31","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2020\/07\/06\/naguib-sawiris-expects-to-close-talks-with-egypts-govt-on-shalateen-stake-purchase-within-weeks\/"},"modified":"2020-07-06T03:57:31","modified_gmt":"2020-07-06T03:57:31","slug":"naguib-sawiris-expects-to-close-talks-with-egypts-govt-on-shalateen-stake-purchase-within-weeks","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2020\/07\/06\/naguib-sawiris-expects-to-close-talks-with-egypts-govt-on-shalateen-stake-purchase-within-weeks\/","title":{"rendered":"Naguib Sawiris expects to close talks with Egypt\u2019s gov\u2019t on Shalateen stake purchase within weeks"},"content":{"rendered":"<p><a class=\"content-anchor\" id=\"tldr-story-03\"><\/a> <strong>M&A WATCH-<\/strong> <strong>Naguib expects to close talks on Shalateen stake purchase within <\/strong><strong>weeks: <\/strong>Naguib Sawiris is still in talks with the government to buy a 51% stake in state-owned Shalateen Mining and expects negotiations to wrap in the coming weeks, he tells <a href=\"https:\/\/bit.ly\/31NhW8O\">Hapi Journal<\/a>. He did not provide any details on the expected value of the transaction. Sawiris, the chairman of La Mancha Mining, has been zeroing in on the mining industry lately, expressing interest in the government\u2019s <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/7d6acc37-7a7f-4797-9b61-4dd3b5d7fd39\">gold exploration tender<\/a> in the Eastern Desert and <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/0323710c-522f-47ec-a20f-414c95c079a5\">acquiring Shalateen<\/a> earlier this year.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>M&#038;A WATCH- Naguib expects to close talks on Shalateen stake purchase within weeks: Naguib Sawiris is still in talks with the government to buy a 51% stake in state-owned Shalateen Mining and expects negotiations to wrap in the coming weeks, he tells Hapi Journal. He did not provide any details on the expected value of [&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":[372,72,7093,4847,7128,2065,2018,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-572701","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-eastern-desert","tag-enterpriseam","tag-gold","tag-la-mancha-mining","tag-ma-watch","tag-naguib-sawiris","tag-shalateen-mining","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"63b1ca0f-2b06-4455-bac0-a7b0b6d6159d","is_powered_by":true,"section_story_id":"4a90c348-e89b-47d3-ad0f-c47a4c4dfbd1","story_type":"1","photo_url":"","photo_position":"above","related_issue":[572692],"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>Naguib Sawiris expects to close talks with Egypt\u2019s gov\u2019t on Shalateen stake purchase within weeks - 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\/07\/06\/naguib-sawiris-expects-to-close-talks-with-egypts-govt-on-shalateen-stake-purchase-within-weeks\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Naguib Sawiris expects to close talks with Egypt\u2019s gov\u2019t on Shalateen stake purchase within weeks\" \/>\n<meta property=\"og:description\" content=\"M&amp;A WATCH- Naguib expects to close talks on Shalateen stake purchase within weeks: Naguib Sawiris is still in talks with the government to buy a 51% stake in state-owned Shalateen Mining and expects negotiations to wrap in the coming weeks, he tells Hapi Journal. He did not provide any details on the expected value of [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2020\/07\/06\/naguib-sawiris-expects-to-close-talks-with-egypts-govt-on-shalateen-stake-purchase-within-weeks\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2020-07-06T03:57:31+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\/07\/06\/naguib-sawiris-expects-to-close-talks-with-egypts-govt-on-shalateen-stake-purchase-within-weeks\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/07\/06\/naguib-sawiris-expects-to-close-talks-with-egypts-govt-on-shalateen-stake-purchase-within-weeks\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Naguib Sawiris expects to close talks with Egypt\u2019s gov\u2019t on Shalateen stake purchase within weeks\",\"datePublished\":\"2020-07-06T03:57:31+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/07\/06\/naguib-sawiris-expects-to-close-talks-with-egypts-govt-on-shalateen-stake-purchase-within-weeks\/\"},\"wordCount\":109,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"Eastern Desert\",\"EnterpriseAM\",\"gold\",\"La Mancha Mining\",\"M&amp;A Watch\",\"Naguib Sawiris\",\"Shalateen Mining\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/07\/06\/naguib-sawiris-expects-to-close-talks-with-egypts-govt-on-shalateen-stake-purchase-within-weeks\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2020\/07\/06\/naguib-sawiris-expects-to-close-talks-with-egypts-govt-on-shalateen-stake-purchase-within-weeks\/\",\"name\":\"Naguib Sawiris expects to close talks with Egypt\u2019s gov\u2019t on Shalateen stake purchase within weeks - 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The La Mancha chairman said in February he was eyeing\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":574875,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/09\/24\/a-blockbuster-gold-discovery-may-have-killed-sawiris-chances-of-nabbing-shalateen-mining\/","url_meta":{"origin":572701,"position":1},"title":"A blockbuster gold discovery may have killed Sawiris\u2019 chances of nabbing Shalateen Mining","author":"enterpriseam admin","date":"24 September 2020","format":false,"excerpt":"A blockbuster gold discovery may have killed Sawiris\u2019 chances of acquiring Shalateen Mining: Naguib Sawiris\u2019 interest in a majority stake in state-owned Shalateen Mining have reportedly hit a roadblock after the company made a blockbuster gold discovery in the Eastern Desert. Oil Ministry sources told Cairo24 that some of Shalateen\u2019s\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":569412,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/02\/24\/sawiris-eyes-51-stake-in-state-owned-shalateen-mining-company\/","url_meta":{"origin":572701,"position":2},"title":"Sawiris eyes 51% stake in state-owned Shalateen mining company","author":"enterpriseam admin","date":"24 February 2020","format":false,"excerpt":"M&A WATCH- Sawiris eyes majority stake in state-owned Shalateen: Naguib Sawiris is in talks with the government to buy a 51% stake in state-owned Shalateen Mining, Reuters reports. 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