{"id":575691,"date":"2020-10-22T04:18:06","date_gmt":"2020-10-22T04:18:06","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2020\/10\/22\/three-investors-bidding-for-majority-stake-in-egypts-makkasa-sport\/"},"modified":"2020-10-22T04:18:06","modified_gmt":"2020-10-22T04:18:06","slug":"three-investors-bidding-for-majority-stake-in-egypts-makkasa-sport","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2020\/10\/22\/three-investors-bidding-for-majority-stake-in-egypts-makkasa-sport\/","title":{"rendered":"Three investors bidding for majority stake in Egypt\u2019s Makkasa Sport"},"content":{"rendered":"

Misr for Central Clearing and Depository (MCDR) is considering three offers for its stake in Makkasa Sport \u2014 which owns Misr Lel Makkasa SC \u2014 after rejecting three others for failing to meet its EGP 80-85 mn valuation, the local press<\/a> reports, citing sources close to the transaction. Those still in the running for the company\u2019s 71% stake include state-owned Estadat Holding<\/a>, an unnamed Kuwaiti investor, and an unnamed sporting club, according to the sources. The company will now hold individual meetings with the potential buyers and could make a decision in the coming weeks<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Misr for Central Clearing and Depository (MCDR) is considering three offers for its stake in Makkasa Sport \u2014 which owns Misr Lel Makkasa SC \u2014 after rejecting three others for failing to meet its EGP 80-85 mn valuation, the local press reports, citing sources close to the transaction. Those still in the running for the […]<\/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":[9315],"tags":[72,7128,3174,2390],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-575691","post","type-post","status-publish","format-standard","hentry","category-other-business-news-of-note","tag-enterpriseam","tag-ma-watch","tag-misr-for-central-clearing-depository-and-registry","tag-other-business-news-of-note","wpautop","entry"],"acf":{"mongo_id":"75775b2e-2c12-49b8-be7f-1f707f446793","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[575664],"teaser":"","voice_url":""},"yoast_head":"\nThree investors bidding for majority stake in Egypt\u2019s Makkasa Sport - 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\/22\/three-investors-bidding-for-majority-stake-in-egypts-makkasa-sport\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Three investors bidding for majority stake in Egypt\u2019s Makkasa Sport\" \/>\n<meta property=\"og:description\" content=\"Misr for Central Clearing and Depository (MCDR) is considering three offers for its stake in Makkasa Sport \u2014 which owns Misr Lel Makkasa SC \u2014 after rejecting three others for failing to meet its EGP 80-85 mn valuation, the local press reports, citing sources close to the transaction. Those still in the running for the […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2020\/10\/22\/three-investors-bidding-for-majority-stake-in-egypts-makkasa-sport\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2020-10-22T04:18:06+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\/22\/three-investors-bidding-for-majority-stake-in-egypts-makkasa-sport\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/10\/22\/three-investors-bidding-for-majority-stake-in-egypts-makkasa-sport\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Three investors bidding for majority stake in Egypt\u2019s Makkasa Sport\",\"datePublished\":\"2020-10-22T04:18:06+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/10\/22\/three-investors-bidding-for-majority-stake-in-egypts-makkasa-sport\/\"},\"wordCount\":104,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"M&A Watch\",\"Misr for Central Clearing Depository and Registry\",\"Other Business News of Note\"],\"articleSection\":[\"Other Business News of Note\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/10\/22\/three-investors-bidding-for-majority-stake-in-egypts-makkasa-sport\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2020\/10\/22\/three-investors-bidding-for-majority-stake-in-egypts-makkasa-sport\/\",\"name\":\"Three investors bidding for majority stake in Egypt\u2019s Makkasa Sport - 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The newspaper made\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":574957,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/09\/28\/turki-al-shikh-estadat-holding-among-bidders-for-share-of-egypts-makkasa-sport\/","url_meta":{"origin":575691,"position":1},"title":"Turki Al Shikh, Estadat Holding among bidders for share of Egypt\u2019s Makkasa Sport","author":"enterpriseam admin","date":"28 September 2020","format":false,"excerpt":"M&A WATCH- Turki Al Shikh, state-owned Estadat and an unnamed Gulf buyer are competing for MCDR\u2019s stake in Makkasa Sport: Saudi investor Turki Al Sheikh, Estadat Holding and an unnamed Gulf buyer are all in the running to acquire Misr for Central Clearing, Depository and Registry\u2019s (MCDR) 71% 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\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":575243,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/10\/07\/makkasa-sport-chairman-bids-for-misr-lel-makkasa-sc-after-resigning-from-post\/","url_meta":{"origin":575691,"position":2},"title":"Makkasa Sport chairman bids for Misr Lel Makkasa SC after resigning from post","author":"enterpriseam admin","date":"7 October 2020","format":false,"excerpt":"M&A WATCH- Makkasa Sport chairman Amr Mostafa Kamel has reportedly made an offer to purchase 100% of Misr Lel Makkasa Sporting Club after resigning from his post, the local press reports, citing sources with knowledge of the matter. Kamel is reportedly looking to buy the club through his company I\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":575732,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/10\/25\/misr-for-central-clearing-denies-claims-estadat-holding-will-buy-makkasa-sport\/","url_meta":{"origin":575691,"position":3},"title":"Misr for Central Clearing denies claims Estadat Holding will buy Makkasa Sport","author":"enterpriseam admin","date":"25 October 2020","format":false,"excerpt":"Misr for Central Clearing and Depository (MCDR) denied Thursday that a final decision had been made in the sale of its 71% stake in Makkasa Sport \u2014 which manages football team Misr Lel Makkasa SC \u2014 saying negotiations were still ongoing, local press reports. Earlier reports had alleged that the\u2026","rel":"","context":"In "Other Business News of Note"","block_context":{"text":"Other Business News of Note","link":"https:\/\/enterpriseam.com\/egypt\/category\/other-business-news-of-note\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":575325,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/10\/12\/six-investors-vie-for-ownership-of-egypts-makkasa-sport\/","url_meta":{"origin":575691,"position":4},"title":"Six investors vie for ownership of Egypt\u2019s Makkasa Sport","author":"enterpriseam admin","date":"12 October 2020","format":false,"excerpt":"M&A WATCH- Six buyers are reportedly bidding for a stake in Makkasa Sport, the owner of Misr Lel Makkasa Sporting Club, the local press reports. 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MCDR is working on increasing its subsidiary\u2019s capital to EGP 100 mn\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":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/575691","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=575691"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/575691\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/575664"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=575691"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=575691"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=575691"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=575691"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=575691"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}