{"id":573261,"date":"2020-07-27T03:45:14","date_gmt":"2020-07-27T03:45:14","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2020\/07\/27\/media-production-city-acquires-64-7-of-arab-contractors-stake-in-arab-hotel-company\/"},"modified":"2020-07-27T03:45:14","modified_gmt":"2020-07-27T03:45:14","slug":"media-production-city-acquires-64-7-of-arab-contractors-stake-in-arab-hotel-company","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2020\/07\/27\/media-production-city-acquires-64-7-of-arab-contractors-stake-in-arab-hotel-company\/","title":{"rendered":"Media Production City acquires 64.7% of Arab Contractor\u2019s stake in Arab Hotel Company"},"content":{"rendered":"

M&A WATCH- Media Production City acquires 64.7% stake in Arab Hotel Company from Arab <\/strong>Contractors subsidiaries: <\/strong>Six Arab Contractors subsidiaries sold a combined 64.7% stake in the Arab Hotel Company \u2014 which owns the Movenpick Hotel at the Egyptian Media Production City (EMPC) \u2014 to EMPC in a EGP 138 mn transaction, Al Shorouk<\/a> reports, citing unnamed sources. The sale, which closed on 15 July, saw EMPC purchase 1,207,000 shares for EGP 115 apiece. EMPC said in June 2019<\/a> it was eyeing a 55% stake in the company, and in December purchased<\/a> the National Bank of Egypt\u2019s 17.4% stake in the company for EGP 115 per share.<\/p>\n","protected":false},"excerpt":{"rendered":"

M&A WATCH- Media Production City acquires 64.7% stake in Arab Hotel Company from Arab Contractors subsidiaries: Six Arab Contractors subsidiaries sold a combined 64.7% stake in the Arab Hotel Company \u2014 which owns the Movenpick Hotel at the Egyptian Media Production City (EMPC) \u2014 to EMPC in a EGP 138 mn transaction, Al Shorouk reports, […]<\/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":[833,1449,5587,72,955,3272,2380,7096],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-573261","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-arab-contractors","tag-egyptian-media-production-city","tag-empc","tag-enterpriseam","tag-hospitality","tag-movenpick","tag-speed-round","tag-stake","wpautop","entry"],"acf":{"mongo_id":"fc6c18c5-996d-4d72-9f47-886e2d53769e","is_powered_by":true,"section_story_id":"086634a8-3ce1-4c38-abb3-657e9034a2c2","story_type":"1","photo_url":"","photo_position":"above","related_issue":[573250],"teaser":"","voice_url":""},"yoast_head":"\nMedia Production City acquires 64.7% of Arab Contractor\u2019s stake in Arab Hotel Company - 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