{"id":580307,"date":"2022-12-19T13:30:20","date_gmt":"2022-12-19T13:30:20","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/12\/19\/this-evening-chimera-is-acquiring-45-of-gb-lease-twitter-users-really-dont-want-musk-to-stick-around\/"},"modified":"2022-12-19T13:30:20","modified_gmt":"2022-12-19T13:30:20","slug":"this-evening-chimera-is-acquiring-45-of-gb-lease-twitter-users-really-dont-want-musk-to-stick-around","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/12\/19\/this-evening-chimera-is-acquiring-45-of-gb-lease-twitter-users-really-dont-want-musk-to-stick-around\/","title":{"rendered":"THIS EVENING: Chimera is acquiring 45% of GB Lease + Twitter users really don\u2019t want Musk to stick around"},"content":{"rendered":"<p><strong>Good afternoon, friends.<\/strong> It appears we\u2019re still some ways away from that end-of-year news slowdown, even though the number of OOO auto-responders we\u2019re getting in our inbox keeps rising by the day.<\/p>\n<p><strong>*** Would the real Enterprise Fantasy World Cup winner please stand up?<\/strong> We\u2019re ready to announce the top finisher of our Fantasy World Cup League and send them a special prize. If you signed up to the league under the nickname Buttoot, get in touch with us at editorial@enterprise.press.<\/p>\n<p><strong>THE BIG STORY TODAY<\/strong><\/p>\n<p><a class=\"content-anchor\" id=\"tldr-story-01\"><\/a> <strong>Chimera to acquire 45% of GB Lease: <\/strong>GB Auto subsidiary GB Capital has agreed to indirectly sell a 45% stake in GB Lease to our friends at Abu Dhabi-based investment firm Chimera Investments for EGP 855 mn, the EGX-listed automotive and finance player said in an EGX <a href=\"https:\/\/ent.news\/2022\/12\/%D8%AC%D9%89-%D8%A8%D9%89-%D8%A7%D9%88%D8%AA%D9%88-%D8%A8%D9%8A%D8%A7%D9%86-%D8%A7%D9%86%D8%AC%D9%84%D9%8A%D8%B2%D9%89-19-12-2022.pdf\">disclosure (pdf)<\/a>. GB Capital now owns the remaining 55% of GB Lease, according to the disclosure.<\/p>\n<p><strong>THE BIG STORY ABROAD<\/strong><\/p>\n<p><strong>The people have spoken: More than half of Twitter users voted for Elon Musk to step<\/strong><strong> down as the platform\u2019s CEO<\/strong>, with the final results of <a href=\"https:\/\/twitter.com\/elonmusk\/status\/1604617643973124097\">a poll<\/a> Musk posted last night showing 57.5% of respondents want him out. The tech b\u2019naire has said that he will \u201cabide by the results of this poll,\u201d but it remains unclear whether he will actually follow through. The story is leading the conversation in the international business press this afternoon: <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2022-12-19\/twitter-users-vote-for-musk-to-step-down-as-chief-in-poll?srnd=premium-middle-east\">Bloomberg<\/a> | <a href=\"https:\/\/www.ft.com\/content\/2003cc06-223f-42e7-9c12-44c35b1fb125\">The Financial Times<\/a> | <a href=\"https:\/\/www.reuters.com\/technology\/musk-poll-shows-575-want-him-step-down-twitter-chief-2022-12-19\/\">Reuters<\/a> | <a href=\"https:\/\/www.cnbc.com\/2022\/12\/19\/elon-musk-in-twitter-poll-asks-if-he-should-step-down-as-twitter-ceo.html\">CNBC<\/a> | <a href=\"https:\/\/www.wsj.com\/articles\/elon-musks-twitter-poll-shows-users-want-him-to-step-down-11671449123\">The Wall Street Journal<\/a>.<\/p>\n<hr class=\"grey-line\">\n<p><strong>** CATCH UP QUICK<\/strong> on the top stories from today\u2019s <strong>EnterpriseAM<\/strong>:<\/p>\n<ul>\n<li><strong>A new task force will suggest fair prices for up to 15 strategic commodities:<\/strong> The Supply Ministry has <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/1055320c-e8cc-40c0-903e-bd379e4c4bc3\">set up a committee<\/a> to determine the \u201cfair price\u201d of a number of foods classed as strategic commodities amid soaring inflation.<\/li>\n<li><strong>EBRD lends USD 40 mn to Angel Yeast to up local production:<\/strong> The European Bank for Reconstruction and Development (EBRD) <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/f7f0a787-0a96-495e-b034-5cff88492690\">is lending<\/a> USD 40 mn to the Egyptian branch of China-based yeast maker Angel Yeast.<\/li>\n<li><strong>House gives its final nod to Unified Tax Procedures Act amendment: <\/strong>The House of Representatives yesterday <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/f3817a03-2b6f-4bbf-bf3e-36c7e0aab846\">voted through<\/a> a controversial amendment to the Unified Tax Procedures Act that would allow foreign tax authorities to access individuals and businesses\u2019 financial information.<\/li>\n<\/ul>\n<div class=\"row\">\n<div class=\"col-md-12 subscribe-box-panel\">\n<div class=\"\">\n<div class=\"title\">\n<h4 class=\"fw-lighter mb-10\">\n          Get <b style=\"font-weight: 700\">Enterprise<\/b> daily<br \/>\n        <\/h4>\n<\/p><\/div>\n<p class=\"mb-10\">The roundup of news and trends that move your markets and shape corporate agendas delivered straight to your inbox.<\/p>\n<p>      <a href=\"egypt\/en\/user\/NewsLetters\" type=\"button \" class=\"btn-green px-3 d-flex align-items-center\">Subscribe here<\/a>\n    <\/div>\n<\/p><\/div>\n<\/div>\n<p><strong>? CIRCLE YOUR CALENDAR-<\/strong><\/p>\n<p><strong>It\u2019s the Central Bank of Egypt\u2019s final policy meeting of the year on Thursday<\/strong>, and analysts <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/f634c395-5dfb-40bf-a4fe-388c6fe8a1b5\">we surveyed last week<\/a> expect policymakers to close out 2022 with another king-size 200-bps rate hike to support the currency and tackle rising inflation. Seven of the nine analysts and economists are forecasting the central bank to raise rates, five of which see a 200-bps hike. This would take the policy rate to 15.25%, its highest level since early 2019.<\/p>\n<p><strong>EGX-listed Pachin will brief shareholders on acquisition offers it has received in its <\/strong><strong>ordinary general assembly on Tuesday<\/strong>, 20 December. Dubai-based National Paints Holdings has <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/2bd16acf-0bc2-4e41-abb4-98ff04e3cb71\">offered to purchase 100% of the company<\/a> for EGP 29 per share, valuing it almost EGP 700 mn and far outbidding earlier offers from <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/aa4253d1-4e21-484b-8dd5-c291322ebfa7\">Universal Building Materials and Chemicals<\/a> (Sipes) and <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/282c2d10-3962-4fe7-9d62-eb7036227f7b\">Saybad Industrial Investment<\/a> that have since been withdrawn.<\/p>\n<p>\u2614 <strong>TOMORROW\u2019S WEATHER- <\/strong>Expect temperatures to drop 4-5 from today's high of 24\u00b0C later this week \u2014 in line with the winter solstice on Wednesday \u2014 but until then we\u2019re looking at a fairly warmer day tomorrow in Cairo with the mercury expected to hit 23\u00b0C during the day before falling to 13\u00b0C at night, our favorite weather app tells us. If you\u2019re in Alexandria or elsewhere on the north coast, you should probably pack an umbrella, as there may be some light rain, according to the <a href=\"https:\/\/bit.ly\/3hvA953\">Meteorological Authority<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Good afternoon, friends. It appears we\u2019re still some ways away from that end-of-year news slowdown, even though the number of OOO auto-responders we\u2019re getting in our inbox keeps rising by the day. *** Would the real Enterprise Fantasy World Cup winner please stand up? We\u2019re ready to announce the top finisher of our Fantasy World [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":580308,"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":[7213],"tags":[2078,633,243,7128,634],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-580307","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-what-were-tracking-tonight","tag-chimera-investments","tag-enterprisepm","tag-gb-lease","tag-ma-watch","tag-what-were-tracking-tonight","wpautop","entry"],"acf":{"mongo_id":"86047e1e-b4c3-427b-afc4-f749b8645df2","order":"0","is_powered_by":true,"story_type":"4","photo_url":"https:\/\/ent.news\/2022\/12\/742.jpg","photo_position":"above","related_issue":[580305],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>THIS EVENING: Chimera is acquiring 45% of GB Lease + Twitter users really don\u2019t want Musk to stick around - 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\/2022\/12\/19\/this-evening-chimera-is-acquiring-45-of-gb-lease-twitter-users-really-dont-want-musk-to-stick-around\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"THIS EVENING: Chimera is acquiring 45% of GB Lease + Twitter users really don\u2019t want Musk to stick around\" \/>\n<meta property=\"og:description\" content=\"Good afternoon, friends. It appears we\u2019re still some ways away from that end-of-year news slowdown, even though the number of OOO auto-responders we\u2019re getting in our inbox keeps rising by the day. *** Would the real Enterprise Fantasy World Cup winner please stand up? 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It appears we\u2019re still some ways away from that end-of-year news slowdown, even though the number of OOO auto-responders we\u2019re getting in our inbox keeps rising by the day. *** Would the real Enterprise Fantasy World Cup winner please stand up? 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This comes two weeks after\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\/2023\/1\/357.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":578230,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/12\/20\/abu-dhabis-chimera-investments-to-acquire-45-of-gb-lease\/","url_meta":{"origin":580307,"position":1},"title":"Abu Dhabi\u2019s Chimera Investments to acquire 45% of GB Lease","author":"enterpriseam admin","date":"20 December 2022","format":false,"excerpt":"Chimera to acquire 45% of GB Lease: GB Capital has agreed to sell a 45% stake in GB Lease to our friends at Abu Dhabi-based investment firm Chimera Investments for EGP 855 mn, parent company GB Auto said in an EGX disclosure (pdf) yesterday. GB Capital will retain the remaining\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\/2022\/12\/418.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":578516,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/01\/03\/gb-auto-agrees-to-sell-45-of-its-leasing-business-to-chimera-investments\/","url_meta":{"origin":580307,"position":2},"title":"GB Auto agrees to sell 45% of its leasing business to Chimera Investments","author":"enterpriseam admin","date":"3 January 2023","format":false,"excerpt":"GB Auto approves GB Lease stake sale: GB Auto\u2019s board has approved plans to sell a 45% stake in GB Lease to our friends at Abu Dhabi-based investment firm Chimera Investments for EGP 855 mn, after approving the results of a fair value study (pdf), the company said in an\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\/2023\/1\/35.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":549232,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/09\/08\/the-uaes-chimera-eyes-gb-autos-leasing-arm\/","url_meta":{"origin":580307,"position":3},"title":"The UAE\u2019s Chimera eyes GB Auto\u2019s leasing arm","author":"enterpriseam admin","date":"8 September 2022","format":false,"excerpt":"Chimera to take stake in GB Lease? GB Auto subsidiary GB Capital is in talks with our friends at Abu Dhabi-based investment firm Chimera Investments to sell a 45% stake in its leasing arm, GB Lease, the EGX-listed automotive and finance player said yesterday in a regulatory filing (pdf). GB\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\/2022\/9\/159.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":580488,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/01\/02\/this-evening-gb-lease-stake-sale-to-chimera-gets-gb-auto-board-signoff-misr-italia-closes-fresh-securitized-bond-issuance\/","url_meta":{"origin":580307,"position":4},"title":"THIS EVENING: GB Lease stake sale to Chimera gets GB Auto board signoff + Misr Italia closes fresh securitized bond issuance","author":"enterpriseam admin","date":"2 January 2023","format":false,"excerpt":"Good afternoon, ladies and gents. We\u2019re just easing back into the flow of things on the first workday of the new year (and training our brains to write the correct year), but the news cycle here at home is already off to a strong start.THE BIG STORIES TODAY GB Auto\u2026","rel":"","context":"In &quot;WHAT WE\u2019RE TRACKING TONIGHT&quot;","block_context":{"text":"WHAT WE\u2019RE TRACKING TONIGHT","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-tonight\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/1\/578.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":552482,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/09\/07\/this-evening-chimera-wants-45-of-gb-lease-expedition-isnt-upping-its-mto-for-domty-plus-its-energy-everywhere-abroad\/","url_meta":{"origin":580307,"position":5},"title":"THIS EVENING: Chimera wants 45% of GB Lease + Expedition isn\u2019t upping its MTO for Domty. 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We\u2019ll have the results for mid-month \u2014 just in time to\u2026","rel":"","context":"In &quot;WHAT WE\u2019RE TRACKING TONIGHT&quot;","block_context":{"text":"WHAT WE\u2019RE TRACKING TONIGHT","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-tonight\/"},"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\/580307","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=580307"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/580307\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/afternoon\/580305"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/580308"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=580307"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=580307"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=580307"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=580307"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=580307"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}