{"id":576172,"date":"2020-11-12T03:58:28","date_gmt":"2020-11-12T03:58:28","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2020\/11\/12\/raya-close-to-offloading-recycling-subsidiary-bariq\/"},"modified":"2020-11-12T03:58:28","modified_gmt":"2020-11-12T03:58:28","slug":"raya-close-to-offloading-recycling-subsidiary-bariq","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2020\/11\/12\/raya-close-to-offloading-recycling-subsidiary-bariq\/","title":{"rendered":"Raya close to offloading recycling subsidiary BariQ"},"content":{"rendered":"

<\/a> M&A WATCH- Raya Holding looks poised to sell the entirety of its recycling <\/strong>subsidiary BariQ<\/strong> to an unnamed foriegn investor after the company\u2019s board of directors gave preliminary approval to an offer earlier this week, according to an EGX disclosure (pdf)<\/a>. Raya earlier this year<\/a> started receiving offers from interested parties, with at least five local and foreign companies submitting non-binding offers to acquire minority stakes in the recycled plastic producer. At least one Egyptian investment institution had sought to purchase 100% of the company at the time. The value of the sale remains undisclosed.<\/p>\n

National Bank of Egypt (NBE) gets the go-ahead for Aman Group sale:<\/strong> Raya\u2019s board of directors has also given preliminary approval to the sale of a 24% stake in the company\u2019s non-banking financial services arm Aman Group to state-owned National Bank of Egypt (NBE). The potential minority stake sale would see the NBE own 9 mn shares in Aman. The value of the agreement has yet to be disclosed.<\/p>\n","protected":false},"excerpt":{"rendered":"

M&A WATCH- Raya Holding looks poised to sell the entirety of its recycling subsidiary BariQ to an unnamed foriegn investor after the company\u2019s board of directors gave preliminary approval to an offer earlier this week, according to an EGX disclosure (pdf). Raya earlier this year started receiving offers from interested parties, with at least five […]<\/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":[616,6207,904,72,7128,614,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-576172","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-aman-financial-services","tag-aman-group","tag-bariq","tag-enterpriseam","tag-ma-watch","tag-raya-holding","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"b0471f41-7075-4dd6-8a0a-5f768910dca7","is_powered_by":true,"section_story_id":"7151a586-b7e8-4766-93ff-a2d9865543ce","story_type":"1","photo_url":"","photo_position":"above","related_issue":[576163],"teaser":"","voice_url":""},"yoast_head":"\nRaya close to offloading recycling subsidiary BariQ - 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\/11\/12\/raya-close-to-offloading-recycling-subsidiary-bariq\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Raya close to offloading recycling subsidiary BariQ\" \/>\n<meta property=\"og:description\" content=\"M&A WATCH- Raya Holding looks poised to sell the entirety of its recycling subsidiary BariQ to an unnamed foriegn investor after the company\u2019s board of directors gave preliminary approval to an offer earlier this week, according to an EGX disclosure (pdf). Raya earlier this year started receiving offers from interested parties, with at least five […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2020\/11\/12\/raya-close-to-offloading-recycling-subsidiary-bariq\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2020-11-12T03:58:28+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\/11\/12\/raya-close-to-offloading-recycling-subsidiary-bariq\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/11\/12\/raya-close-to-offloading-recycling-subsidiary-bariq\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Raya close to offloading recycling subsidiary BariQ\",\"datePublished\":\"2020-11-12T03:58:28+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/11\/12\/raya-close-to-offloading-recycling-subsidiary-bariq\/\"},\"wordCount\":172,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"Aman Financial Services\",\"Aman Group\",\"BariQ\",\"EnterpriseAM\",\"M&A Watch\",\"Raya Holding\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/11\/12\/raya-close-to-offloading-recycling-subsidiary-bariq\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2020\/11\/12\/raya-close-to-offloading-recycling-subsidiary-bariq\/\",\"name\":\"Raya close to offloading recycling subsidiary BariQ - 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