{"id":576461,"date":"2020-11-24T03:54:39","date_gmt":"2020-11-24T03:54:39","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2020\/11\/24\/banque-misr-sells-stake-in-rowad-tourism\/"},"modified":"2020-11-24T03:54:39","modified_gmt":"2020-11-24T03:54:39","slug":"banque-misr-sells-stake-in-rowad-tourism","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2020\/11\/24\/banque-misr-sells-stake-in-rowad-tourism\/","title":{"rendered":"Banque Misr sells stake in Rowad Tourism"},"content":{"rendered":"<p>Banque Misr has sold its entire 9.48% stake in the Rowad Tourism Company for EGP 22.7 mn, according to an <a href=\"https:\/\/ent.news\/2020\/11\/%D8%B1%D9%88%D8%A7%D8%AF-%D8%A8%D9%8A%D8%A7%D9%86-23-11-2020.pdf\">EGX disclosure (pdf)<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Banque Misr has sold its entire 9.48% stake in the Rowad Tourism Company for EGP 22.7 mn, according to an EGX disclosure (pdf).<\/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":[576,68,72,2390,238],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-576461","post","type-post","status-publish","format-standard","hentry","category-other-business-news-of-note","tag-banque-misr","tag-egx","tag-enterpriseam","tag-other-business-news-of-note","tag-tourism","wpautop","entry"],"acf":{"mongo_id":"2cf47253-c233-4589-8a7e-b6fe4fb7ba88","is_powered_by":true,"section_story_id":"e629e96e-9aaf-4370-a536-1f6eec92aa6e","story_type":"1","photo_url":"","photo_position":"above","related_issue":[576429],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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The state-owned bank last month made the offer at EGP 4.70 per share, valuing the company at some EGP 4.7 bn, but in a disclosure (pdf) submitted to the EGX yesterday, CI\u2019s board\u2026","rel":"","context":"In &quot;M&amp;A WATCH&quot;","block_context":{"text":"M&amp;A WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/ma-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/3\/124.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":573716,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/08\/16\/state-owned-banque-misr-is-now-the-largest-shareholder-in-egx-listed-ci-capital\/","url_meta":{"origin":576461,"position":1},"title":"State-owned Banque Misr is now the largest shareholder in EGX-listed CI Capital","author":"enterpriseam admin","date":"16 August 2020","format":false,"excerpt":"M&A WATCH- State-owned Banque Misr is now the largest shareholder in EGX-listed CI Capital after acquiring another 9% stake in the investment bank on Thursday, raising its total holdings to 24.7%, Reuters reports. This came a day after the bank purchased 14 mn shares in the financial services firm, which\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":560793,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/03\/14\/banque-misr-will-take-90-of-ci-capital-firm-to-remain-egx-listed\/","url_meta":{"origin":576461,"position":2},"title":"Banque Misr will take 90% of CI Capital, firm to remain EGX-listed","author":"enterpriseam admin","date":"14 March 2021","format":false,"excerpt":"Banque Misr will get the 90% stake in CI Capital it sought after a majority of the company\u2019s shareholders agreed to sell their shares for the EGP 4.70 offer lodged by the state-owned bank earlier last month, CI said in a disclosure to the EGX (pdf) on Thursday.Shareholders queued up\u2026","rel":"","context":"In &quot;M&amp;A WATCH&quot;","block_context":{"text":"M&amp;A WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/ma-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":573678,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/08\/13\/banque-misr-raises-its-stake-in-ci-capital-to-15-12\/","url_meta":{"origin":576461,"position":3},"title":"Banque Misr raises its stake in CI Capital to 15.12%","author":"enterpriseam admin","date":"13 August 2020","format":false,"excerpt":"M&A WATCH- Banque Misr has increased its stake in CI Capital Holding to 15.12% from 13.72%, according to a disclosure to the EGX (pdf). The state-owned bank purchased some 14 mn shares for EGP 58.11 mn at EGP 4.14 per share. Banque Misr is the largest shareholder in the financial\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":566782,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/07\/13\/ci-capital-board-gives-banque-misr-preliminary-approval-for-souhoola-majority-stake-purchase\/","url_meta":{"origin":576461,"position":4},"title":"CI Capital board gives Banque Misr preliminary approval for Souhoola majority stake purchase","author":"enterpriseam admin","date":"13 July 2021","format":false,"excerpt":"CI Capital\u2019s board gives initial nod to the sale of a controlling stake in Souhoola to Banque Misr. The board approved in principle a non-binding offer from state-owned Banque Misr \u2014 the investment bank\u2019s parent company \u2014 to purchase CI\u2019s entire 98.01% stake in its consumer finance subsidiary, Souhoola, according\u2026","rel":"","context":"In &quot;SPEED ROUND: M&amp;A WATCH&quot;","block_context":{"text":"SPEED ROUND: M&amp;A WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round-ma-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":568848,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/02\/05\/egypts-banque-du-caire-to-offer-45-stake-in-1h2020-ipo\/","url_meta":{"origin":576461,"position":5},"title":"Egypt\u2019s Banque du Caire to offer 45% stake in 1H2020 IPO","author":"enterpriseam admin","date":"5 February 2020","format":false,"excerpt":"IPO WATCH- Banque du Caire to offer 45% stake in 1H2020 IPO: State-owned Banque du Caire (BdC) will offer a 45% stake on the EGX in 1H2020, Banque Misr Chairman Mohamed Eletreby said, according to Reuters. 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