{"id":575141,"date":"2020-10-04T04:02:27","date_gmt":"2020-10-04T04:02:27","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2020\/10\/04\/imex-acquires-94-of-nile-cotton-ginning\/"},"modified":"2020-10-04T04:02:27","modified_gmt":"2020-10-04T04:02:27","slug":"imex-acquires-94-of-nile-cotton-ginning","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2020\/10\/04\/imex-acquires-94-of-nile-cotton-ginning\/","title":{"rendered":"IMEX acquires 94% of Nile Cotton Ginning"},"content":{"rendered":"

IMEX International<\/a> acquired 93.9% of Nile Cotton Ginning on Thursday for EGP 2.48 bn, buying 49.76 mn shares at EGP 50 apiece, Al Mal<\/a> reports, citing a disclosure to the EGX on Thursday. EgyTrend<\/a> is acting as IMEX\u2019s financial advisor on the transaction.<\/p>\n","protected":false},"excerpt":{"rendered":"

IMEX International acquired 93.9% of Nile Cotton Ginning on Thursday for EGP 2.48 bn, buying 49.76 mn shares at EGP 50 apiece, Al Mal reports, citing a disclosure to the EGX on Thursday. EgyTrend is acting as IMEX\u2019s financial advisor on the transaction.<\/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":[9309],"tags":[2416,72,4241],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-575141","post","type-post","status-publish","format-standard","hentry","category-basic-materials-commodities","tag-basic-materials-commodities","tag-enterpriseam","tag-nile-cotton-ginning","wpautop","entry"],"acf":{"mongo_id":"b833b625-9bb8-44a1-841e-d536d4dbeb68","is_powered_by":true,"section_story_id":"a240076c-0a4c-4b11-b36f-762927d0fea5","story_type":"1","photo_url":"","photo_position":"above","related_issue":[575111],"teaser":"","voice_url":""},"yoast_head":"\nIMEX acquires 94% of Nile Cotton Ginning - 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\/10\/04\/imex-acquires-94-of-nile-cotton-ginning\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"IMEX acquires 94% of Nile Cotton Ginning\" \/>\n<meta property=\"og:description\" content=\"IMEX International acquired 93.9% of Nile Cotton Ginning on Thursday for EGP 2.48 bn, buying 49.76 mn shares at EGP 50 apiece, Al Mal reports, citing a disclosure to the EGX on Thursday. EgyTrend is acting as IMEX\u2019s financial advisor on the transaction.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2020\/10\/04\/imex-acquires-94-of-nile-cotton-ginning\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2020-10-04T04:02:27+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\/10\/04\/imex-acquires-94-of-nile-cotton-ginning\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/10\/04\/imex-acquires-94-of-nile-cotton-ginning\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"IMEX acquires 94% of Nile Cotton Ginning\",\"datePublished\":\"2020-10-04T04:02:27+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/10\/04\/imex-acquires-94-of-nile-cotton-ginning\/\"},\"wordCount\":46,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"Basic Materials + Commodities\",\"EnterpriseAM\",\"Nile Cotton Ginning\"],\"articleSection\":[\"Basic Materials + Commodities\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/10\/04\/imex-acquires-94-of-nile-cotton-ginning\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2020\/10\/04\/imex-acquires-94-of-nile-cotton-ginning\/\",\"name\":\"IMEX acquires 94% of Nile Cotton Ginning - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"datePublished\":\"2020-10-04T04:02:27+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/10\/04\/imex-acquires-94-of-nile-cotton-ginning\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2020\/10\/04\/imex-acquires-94-of-nile-cotton-ginning\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/10\/04\/imex-acquires-94-of-nile-cotton-ginning\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"IMEX acquires 94% of Nile Cotton Ginning\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"name\":\"EnterpriseAM\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\",\"name\":\"EnterpriseAM\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/240894.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/240894.svg\",\"caption\":\"EnterpriseAM\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\",\"name\":\"enterpriseam admin\",\"sameAs\":[\"http:\/\/enterpriseam.testing.projectsarea.com\"],\"url\":\"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"IMEX acquires 94% of Nile Cotton Ginning - EnterpriseAM Egypt","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/egypt\/2020\/10\/04\/imex-acquires-94-of-nile-cotton-ginning\/","og_locale":"en_US","og_type":"article","og_title":"IMEX acquires 94% of Nile Cotton Ginning","og_description":"IMEX International acquired 93.9% of Nile Cotton Ginning on Thursday for EGP 2.48 bn, buying 49.76 mn shares at EGP 50 apiece, Al Mal reports, citing a disclosure to the EGX on Thursday. 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The energy trading company has originally planned to acquire a 50% stake in\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/9\/128.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":574591,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/09\/15\/nile-cotton-ginning-board-thinks-imex-offer-price-is-low\/","url_meta":{"origin":575141,"position":1},"title":"Nile Cotton Ginning board thinks IMEX offer price is low","author":"enterpriseam admin","date":"15 September 2020","format":false,"excerpt":"M&A WATCH- Nile Cotton Ginning board thinks IMEX offer price is low: Nile Cotton Ginning's board of directors believe that IMEX International's mandatory tender offer to purhcase at least 51% of the company's shares at EGP 50 apiece is an undervaluation and needs an upward revision, according to an EGX\u2026","rel":"","context":"In "Speed Round"","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":574138,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/08\/31\/imex-international-acquisition-over-nile-cotton-ginning-stumbles\/","url_meta":{"origin":575141,"position":2},"title":"IMEX International acquisition over Nile Cotton Ginning stumbles","author":"enterpriseam admin","date":"31 August 2020","format":false,"excerpt":"M&A WATCH- Is IMEX International\u2019s acquisition of Nile Cotton Ginning stumbling? Energy trading company IMEX International\u2019s offer to acquire 50% of Nile Cotton Ginning has been plunged into uncertainty after majority shareholder Samir Afifiy and associates who collectively own 13% of the company refused IMEX\u2019s offer price, unnamed sources told\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/8\/257.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":574036,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/08\/27\/imex-intl-plans-to-acquire-over-50-of-egypts-nile-cotton-ginning\/","url_meta":{"origin":575141,"position":3},"title":"IMEX Int\u2019l plans to acquire over 50% of Egypt\u2019s Nile Cotton Ginning","author":"enterpriseam admin","date":"27 August 2020","format":false,"excerpt":"M&A WATCH- Energy trading company IMEX International is planning to acquire at least 50% of Nile Cotton Ginning, according to a letter to the Financial Regulatory Authority (FRA). IMEX told the market regulator it will submit a mandatory tender offer for EGP 50 per share. The company has appointed EgyTrend\u2026","rel":"","context":"In "Speed Round"","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":574674,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/09\/17\/imex-acquisition-of-nile-cotton-on-track-to-wrap-up-next-week\/","url_meta":{"origin":575141,"position":4},"title":"IMEX acquisition of Nile Cotton on track to wrap up next week?","author":"enterpriseam admin","date":"17 September 2020","format":false,"excerpt":"M&A WATCH- IMEX acquisition of Nile Cotton on track to wrap up next week? 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