{"id":578842,"date":"2023-01-16T04:11:09","date_gmt":"2023-01-16T04:11:09","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2023\/01\/16\/vodafone-egypt-shareholders-have-until-close-tomorrow-to-sell-to-vodacom\/"},"modified":"2023-01-16T04:11:09","modified_gmt":"2023-01-16T04:11:09","slug":"vodafone-egypt-shareholders-have-until-close-tomorrow-to-sell-to-vodacom","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2023\/01\/16\/vodafone-egypt-shareholders-have-until-close-tomorrow-to-sell-to-vodacom\/","title":{"rendered":"Vodafone Egypt shareholders have until close tomorrow to sell to Vodacom"},"content":{"rendered":"

CAPITAL MARKETS-<\/strong><\/p>\n

<\/a> Minority shareholders in Vodafone Egypt will have another two days to decide <\/strong>whether to sell shares to Vodacom<\/strong> after the EGX extended<\/a> the subscription period by two days to tomorrow, 17 January due to national holidays. Vodacom \u2014 the South African subsidiary of Vodafone Group \u2014 made an offer to purchase 0.05%<\/a> of the company from minority shareholders in tandem with acquiring the parent company\u2019s 55% stake<\/a> in December<\/p>\n

COMMODITIES<\/strong>-<\/p>\n

Some 151 locations across 18 governorates are now open for the Ahlan Ramadan <\/strong>supermarket expo<\/strong>, with the number expected to reach more than 200 outlets across all governorates within days, Alaa Ezz, secretary-general of the Federation of Egyptian Chambers of Commerce (FEDCOC), is quoted as saying in a cabinet statement<\/a>. The pre-Ramadan expo, which offers shoppers discounts of more than 30% on essentials in the run up to the holy month, launched early this year<\/a> to help alleviate the squeeze on living costs amid high inflation. Moves to ease a backlog of imported goods at our ports are also starting to bring down food costs in the wider market, Ezz added.<\/p>\n

A first look at what fair prices mean to the Supply Ministry:<\/strong> Price tags at the expo are in the EGP 14-19 range per kilo of rice, EGP 14-16 per kilo of sugar, EGP 5 per 400 gm of pasta, EGP 29-45 for oil, EGP 79-115 for a kilo of imported meat, and EGP 140 for a kilo of local meat, the statement reads. We\u2019re still waiting to hear more on a suggested price list the government is drawing up for certain essential foods. Ramadan is set to begin toward the end of March.<\/p>\n

HEALTHCARE<\/strong>-<\/p>\n

Foreign doctors to visit gov\u2019t hospitals<\/strong> with private-sector backing: <\/strong>Foreign medical experts will spend one or two days in government hospitals across the country to perform delicate and critical surgeries, help diagnose patients, and train local staff at no cost, under an MoU signed between the Health Ministry and private-sector healthcare firms including Alameda Healthcare, Alfa Cure, Saudi German Health, and Cleopatra Hospitals Group, according to a ministry statement<\/a>.<\/p>\n

M&A-<\/strong><\/p>\n

To sell or not to sell:<\/strong> The board of tourism developer Remco has called an extraordinary shareholders meeting to discuss selling the company\u2019s five-star Stella di Mare Beach Hotel in Sharm El Sheikh to Tolip Hotels and Resorts, according to a bourse filing (pdf)<\/a>. The military-owned company offered<\/a> to purchase the hotel for EGP 700 mn in October.<\/p>\n","protected":false},"excerpt":{"rendered":"

CAPITAL MARKETS- Minority shareholders in Vodafone Egypt will have another two days to decide whether to sell shares to Vodacom after the EGX extended the subscription period by two days to tomorrow, 17 January due to national holidays. Vodacom \u2014 the South African subsidiary of Vodafone Group \u2014 made an offer to purchase 0.05% of […]<\/p>\n","protected":false},"author":1,"featured_media":578843,"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":[7209],"tags":[6523,111,102,317,72,7115,7128,1292,6524,467,142],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-578842","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-also-on-our-radar","tag-ahlan-ramadan","tag-also-on-our-radar","tag-capital-markets","tag-commodities","tag-enterpriseam","tag-healthcare","tag-ma-watch","tag-remco-group","tag-tolip-hotels-and-resorts","tag-vodacom","tag-vodafone-egypt","wpautop","entry"],"acf":{"mongo_id":"2af0a0a2-8054-40d8-96cd-03fff4b514d3","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2023\/1\/253.jpg","photo_position":"above","related_issue":[578821],"teaser":"","voice_url":""},"yoast_head":"\nVodafone Egypt shareholders have until close tomorrow to sell to Vodacom - 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\/2023\/01\/16\/vodafone-egypt-shareholders-have-until-close-tomorrow-to-sell-to-vodacom\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Vodafone Egypt shareholders have until close tomorrow to sell to Vodacom\" \/>\n<meta property=\"og:description\" content=\"CAPITAL MARKETS- Minority shareholders in Vodafone Egypt will have another two days to decide whether to sell shares to Vodacom after the EGX extended the subscription period by two days to tomorrow, 17 January due to national holidays. 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The South African subsidiary of Vodafone\u2026","rel":"","context":"In "Also on our Radar"","block_context":{"text":"Also on our Radar","link":"https:\/\/enterpriseam.com\/egypt\/category\/also-on-our-radar\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/1\/307.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":542832,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/01\/19\/vodacom-shareholders-approve-vodafone-egypt-acquisition\/","url_meta":{"origin":578842,"position":1},"title":"Vodacom shareholders approve Vodafone Egypt acquisition","author":"enterpriseam admin","date":"19 January 2022","format":false,"excerpt":"Vodafone Plc took a step closer to offloading its majority stake in Vodafone Egypt to its South African subsidiary yesterday after receiving shareholder backing. A majority of shareholders in Vodacom approved the acquisition of the 55% stake in Vodafone Egypt during a general meeting, the Johannesburg-listed company announced in a\u2026","rel":"","context":"In "M&A WATCH"","block_context":{"text":"M&A WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/ma-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/1\/228.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":578055,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/12\/14\/vodacom-is-officially-vodafone-egypts-majority-shareholder\/","url_meta":{"origin":578842,"position":2},"title":"Vodacom is officially Vodafone Egypt\u2019s majority shareholder","author":"enterpriseam admin","date":"14 December 2022","format":false,"excerpt":"South Africa\u2019s Vodacom now owns the lion\u2019s share of Vodafone Egypt: Vodafone Group has transferred its 55% stake in its Egyptian unit to its South African subsidiary Vodacom in a EUR 2.37 bn cash and stock transaction, it said in a statement yesterday. The British company received 242 mn shares\u2026","rel":"","context":"In "M&A WATCH"","block_context":{"text":"M&A WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/ma-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/12\/288.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":577220,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/11\/14\/turkish-industrial-giant-eyes-egypts-auto-sector\/","url_meta":{"origin":578842,"position":3},"title":"Turkish industrial giant eyes Egypt\u2019s auto sector","author":"enterpriseam admin","date":"14 November 2022","format":false,"excerpt":"M&A Watch: The Financial Regulatory Authority is examining a voluntary tender offer by Vodacom to acquire 0.05% of Vodafone Egypt for EUR 17.92 a share, it said in a statement (pdf) yesterday. The transaction would see the South African subsidiary acquire 124,600 shares in Vodafone Egypt for almost EUR 2.5\u2026","rel":"","context":"In "Also on our Radar"","block_context":{"text":"Also on our Radar","link":"https:\/\/enterpriseam.com\/egypt\/category\/also-on-our-radar\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":577925,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/12\/11\/vodacom-closes-acquisition-of-55-stake-in-vodafone-egypt\/","url_meta":{"origin":578842,"position":4},"title":"Vodacom closes acquisition of 55% stake in Vodafone Egypt","author":"enterpriseam admin","date":"11 December 2022","format":false,"excerpt":"Vodacom is Vodafone Egypt\u2019s new majority shareholder: Vodafone Plc\u2019s South African subsidiary, Vodacom, has closed the acquisition of its parent company\u2019s 55% stake in Vodafone Egypt, Al Mal reported on Thursday. The company reportedly acquired Vodafone\u2019s 132 mn shares in Vodafone Egypt in a block trade transaction on the EGX\u2026","rel":"","context":"In "M&A WATCH"","block_context":{"text":"M&A WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/ma-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/12\/182.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":579134,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/01\/25\/a-new-hilton-hotel-in-marsa-alam\/","url_meta":{"origin":578842,"position":5},"title":"A new Hilton hotel in Marsa Alam","author":"enterpriseam admin","date":"25 January 2023","format":false,"excerpt":"TOURISM- Hilton expands its Red Sea portfolio: Hospitality giant Hilton has signed its second property in Marsa Alam: Hilton Marsa Wazar Red Sea Resort & Spa, according to a company press release (pdf). The property will be operated under the Hilton Hotels & Resorts brand in partnership with Boulevard for\u2026","rel":"","context":"In "Also on our Radar"","block_context":{"text":"Also on our Radar","link":"https:\/\/enterpriseam.com\/egypt\/category\/also-on-our-radar\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/1\/452.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/578842","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=578842"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/578842\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/578821"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/578843"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=578842"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=578842"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=578842"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=578842"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=578842"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}