{"id":573679,"date":"2020-08-13T04:06:36","date_gmt":"2020-08-13T04:06:36","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2020\/08\/13\/el-nasr-gives-odin-investments-green-light-to-start-due-diligence\/"},"modified":"2020-08-13T04:06:36","modified_gmt":"2020-08-13T04:06:36","slug":"el-nasr-gives-odin-investments-green-light-to-start-due-diligence","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2020\/08\/13\/el-nasr-gives-odin-investments-green-light-to-start-due-diligence\/","title":{"rendered":"El Nasr gives Odin Investments green light to start due diligence"},"content":{"rendered":"<p><a class=\"content-anchor\" id=\"tldr-story-04\"><\/a> <strong>M&A WATCH- El Nasr gives Odin Investments green light to start due diligence:<\/strong> El Nasr Civil Works\u2019 board of directors has given Odin Investments approval to begin due diligence ahead of a potential acquisition of a 90% stake in the company, El Nasr said in <a href=\"https:\/\/www.egx.com.eg\/downloads\/Bulletins\/249428_1.pdf\">an EGX disclosure (pdf)<\/a>. Odin, along with other unidentified inventors, expressed interest in the acquisition <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/720f8bcb-9965-4b7d-b41f-99d094a27495\">last week<\/a>, and <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/158b1e5c-6763-4664-81e7-466f368853c0\">received approval<\/a> from majority shareholder Madinet Nasr Housing & Development (MNHD) to begin due diligence soon after. MNHD owns a 52.5% stake in El Nasr, while the Holding Company for Construction & Development holds a 19.3% stake. El Nasr\u2019s workers\u2019 union holds 5% and the remaining shares are listed on the EGX.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>M&#038;A WATCH- El Nasr gives Odin Investments green light to start due diligence: El Nasr Civil Works\u2019 board of directors has given Odin Investments approval to begin due diligence ahead of a potential acquisition of a 90% stake in the company, El Nasr said in an EGX disclosure (pdf). Odin, along with other unidentified inventors, [&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":[1203,72,353,5220,5680,10252,1165,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-573679","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-el-nasr-civil-works","tag-enterpriseam","tag-madinet-masr-for-housing-and-development","tag-madinet-nasr-housing-development","tag-nccw","tag-odin","tag-odin-investments","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"293f4812-e2f8-4899-b409-aa96391fee13","is_powered_by":true,"section_story_id":"0fe4f6bd-8bf6-4120-8fbd-63220c888e2f","story_type":"1","photo_url":"","photo_position":"above","related_issue":[573670],"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>El Nasr gives Odin Investments green light to start due diligence - 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\/08\/13\/el-nasr-gives-odin-investments-green-light-to-start-due-diligence\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"El Nasr gives Odin Investments green light to start due diligence\" \/>\n<meta property=\"og:description\" content=\"M&amp;A WATCH- El Nasr gives Odin Investments green light to start due diligence: El Nasr Civil Works\u2019 board of directors has given Odin Investments approval to begin due diligence ahead of a potential acquisition of a 90% stake in the company, El Nasr said in an EGX disclosure (pdf). Odin, along with other unidentified inventors, [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2020\/08\/13\/el-nasr-gives-odin-investments-green-light-to-start-due-diligence\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2020-08-13T04:06:36+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\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/08\/13\/el-nasr-gives-odin-investments-green-light-to-start-due-diligence\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/08\/13\/el-nasr-gives-odin-investments-green-light-to-start-due-diligence\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"El Nasr gives Odin Investments green light to start due diligence\",\"datePublished\":\"2020-08-13T04:06:36+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/08\/13\/el-nasr-gives-odin-investments-green-light-to-start-due-diligence\/\"},\"wordCount\":122,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"El Nasr Civil works\",\"EnterpriseAM\",\"Madinet Masr for Housing and Development\",\"Madinet Nasr Housing &amp; 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Odin, along with\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":576250,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/11\/17\/odin-investments-to-move-forward-with-el-nasr-civil-works-acquisition-this-month\/","url_meta":{"origin":573679,"position":1},"title":"Odin Investments to move forward with El Nasr Civil Works acquisition this month","author":"enterpriseam admin","date":"17 November 2020","format":false,"excerpt":"M&A WATCH- Odin Investments to move forward with El Nasr Civil Works acquisition this month: Odin Investments is expected to make an offer for a 76-90% stake in Madinet Nasr for Housing and Development\u2019s (MNHD) El Nasr Civil Works before the end of the month, Odin Deputy Chairman Hashem El\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":573843,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/08\/19\/egypts-mnhd-receives-egp-30-mn-offer-for-its-98-4-stake-in-nasr-utilities-and-installations\/","url_meta":{"origin":573679,"position":2},"title":"Egypt\u2019s MNHD receives EGP 30 mn offer for its 98.4% stake in Nasr Utilities and Installations","author":"enterpriseam admin","date":"19 August 2020","format":false,"excerpt":"M&A WATCH- MNHD receives EGP 30 mn offer for its 98.4% stake in Nasr Utilities and Installations: Madinet Nasr for Housing and Development (MNHD) has received an offer from a unnamed strategic investor to purchase its 98.4% stake in construction company Nasr Utilities and Installations (NUI) for EGP 30 mn,\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":573957,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/08\/25\/egypts-mnhd-accepts-egp-30-mn-offer-for-its-98-4-stake-in-nasr-utilities-and-installations\/","url_meta":{"origin":573679,"position":3},"title":"Egypt\u2019s MNHD accepts EGP 30 mn offer for its 98.4% stake in Nasr Utilities and Installations","author":"enterpriseam admin","date":"25 August 2020","format":false,"excerpt":"M&A WATCH- MNHD accepts EGP 30 mn offer for its 98.4% stake in Nasr Utilities and Installations: Madinet Nasr for Housing and Development (MNHD) has accepted an offer from an as of yet unnamed investor to purchase its 98.4% stake in construction company Nasr Utilities and Installations (NUI), MNHD said\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":573385,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/08\/04\/odin-investments-eyes-majority-stake-in-el-nasr-civil-works\/","url_meta":{"origin":573679,"position":4},"title":"Odin Investments eyes majority stake in El Nasr Civil Works","author":"enterpriseam admin","date":"4 August 2020","format":false,"excerpt":"M&A WATCH- Odin Investments eyes majority stake in El Nasr Civil Works: OdinInvestments, along with other unidentified investors, are seeking a majority stake in El Nasr Civil Works, the investment bank said in a regulatory disclosure (pdf). Odin has asked real estate developer MNHD, which owns 52.5% of El Nasr,\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":576327,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/11\/19\/mnhd-signs-final-agreement-to-offload-stake-in-nasr-utilities\/","url_meta":{"origin":573679,"position":5},"title":"MNHD signs final agreement to offload stake in Nasr Utilities","author":"enterpriseam admin","date":"19 November 2020","format":false,"excerpt":"M&A WATCH- MNHD signs final agreement to offload stake in Nasr Utilities: Madinet Nasr for Housing and Development (MNHD) has signed a final agreement with an unnamed strategic investor for the sale of its 98.4% stake in subsidiary Nasr Utilities and Installations (NUI), according to a regulatory filing (pdf). 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