{"id":576365,"date":"2020-11-22T04:14:56","date_gmt":"2020-11-22T04:14:56","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2020\/11\/22\/sawiris-attempts-to-acquire-shalateen-mining-in-doubt-as-talks-halted\/"},"modified":"2020-11-22T04:14:56","modified_gmt":"2020-11-22T04:14:56","slug":"sawiris-attempts-to-acquire-shalateen-mining-in-doubt-as-talks-halted","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2020\/11\/22\/sawiris-attempts-to-acquire-shalateen-mining-in-doubt-as-talks-halted\/","title":{"rendered":"Sawiris\u2019 attempts to acquire Shalateen Mining in doubt as talks halted"},"content":{"rendered":"

<\/a> M&A WATCH- Sawiris\u2019 attempts to acquire Shalateen Mining in doubt as talks stop:<\/strong> Naguib Sawiris\u2019 talks with the government to acquire 51% of state-owned Shalateen Mining have been suspended, Oil Minister Tarek El Molla told Reuters<\/a> without giving further detail. The La Mancha chairman said in February he was eyeing the majority stake<\/a> in Shalateen, but the company\u2019s discovery of a 1 mn-ounce gold reserve<\/a> in the Eastern Desert last month appears to have thrown the sale off course. The Egyptian Mineral Resources Authority holds 35% of Shalateen, while the Defense Ministry\u2019s National Service Products Organization holds 34%, the National Investment Bank has 24%, and the Egyptian Company for Mineral Resources owns 7%.<\/p>\n

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M&A WATCH- Sawiris\u2019 attempts to acquire Shalateen Mining in doubt as talks stop: Naguib Sawiris\u2019 talks with the government to acquire 51% of state-owned Shalateen Mining have been suspended, Oil Minister Tarek El Molla told Reuters without giving further detail. The La Mancha chairman said in February he was eyeing the majority stake in Shalateen, […]<\/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":[72,7093,7128,2065,2018,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-576365","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-gold","tag-ma-watch","tag-naguib-sawiris","tag-shalateen-mining","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"57661a0a-b293-41df-a0d8-8512643b2155","is_powered_by":true,"section_story_id":"21258759-15a5-4f32-bd15-b6710a8f13f6","story_type":"1","photo_url":"","photo_position":"above","related_issue":[576352],"teaser":"","voice_url":""},"yoast_head":"\nSawiris\u2019 attempts to acquire Shalateen Mining in doubt as talks halted - 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\/22\/sawiris-attempts-to-acquire-shalateen-mining-in-doubt-as-talks-halted\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Sawiris\u2019 attempts to acquire Shalateen Mining in doubt as talks halted\" \/>\n<meta property=\"og:description\" content=\"M&A WATCH- Sawiris\u2019 attempts to acquire Shalateen Mining in doubt as talks stop: Naguib Sawiris\u2019 talks with the government to acquire 51% of state-owned Shalateen Mining have been suspended, Oil Minister Tarek El Molla told Reuters without giving further detail. 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