{"id":582965,"date":"2023-03-14T00:00:00","date_gmt":"2023-03-14T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2023\/03\/14\/adq-reportedly-in-early-stage-talks-for-a-stake-in-delta-sugar\/"},"modified":"2023-03-14T00:00:00","modified_gmt":"2023-03-14T00:00:00","slug":"adq-reportedly-in-early-stage-talks-for-a-stake-in-delta-sugar","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2023\/03\/14\/adq-reportedly-in-early-stage-talks-for-a-stake-in-delta-sugar\/","title":{"rendered":"ADQ reportedly in early stage talks for a stake in Delta Sugar"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"\"> <\/span><span style=\"font-weight:700\">Does ADQ want a piece of Delta Sugar Company? <\/span><span style=\"\">Abu Dhabi sovereign <\/span><span>wealth fund ADQ is reportedly in early talks with the government to snap up a 10-15% stake in <\/span><span style=\"\">the state-owned <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/deltasugar.com\/?lang=en\" style=\"\">Delta Sugar Company<\/a><\/span><span>,<\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/bit.ly\/3JAGQxR\" style=\"\">CNBC Arabia<\/a><\/span><span style=\"font-weight:400;\"> reports, citing unnamed sources. ADQ would buy shares owned by an existing shareholder, according to the news outlet. Information about the value of the potential sale wasn\u2019t disclosed. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">No o<\/span><span style=\"font-weight:700\">ffers received: <\/span><span style=\"\">The EGX-listed company has not yet received any acquisition <\/span><span style=\"\">offers, it said <\/span><span>in <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/ent.news\/2023\/3\/Delta-Sugar-denies-stake-sale-offers.pdf\" style=\"\">a bourse disclosure (pdf)<\/a><\/span><span> hours after<\/span><span> the report surf<\/span><span>aced. This is the second time in less than <\/span><span style=\"\">eight months that <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.press\/stories\/2022\/08\/01\/delta-sugar-denies-its-the-subject-of-an-adq-takeover-bid-76854\/\" style=\"\">Delta has denied receiving acquisition bids<\/a><\/span><span style=\"font-weight:400;\"> by ADQ.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">Could Delta be the latest to join Madbouly\u2019s privatization program? <\/span><span style=\"\">The company isn\u2019t on <\/span><span style=\"\">the government\u2019s <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.press\/stories\/2023\/02\/09\/rebooted-privatization-program-to-see-stakes-in-32-companies-sold-to-strategics-public-investors-96067\/\" style=\"\">list of 32 companies<\/a><\/span><span style=\"\"> in which the government hopes to sell stakes over the next year under its relaunched privatization program. <\/span><span>State-owned entities hold<\/span><span> almost 86% of the sugar maker,<\/span><span> including the Egyptian Sugar and Integrated Industries Company\u2019s majority 55.7% stake, according to the company\u2019s <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/ent.news\/2023\/3\/Delta-Sugar-Company-Results-2022.pdf\" style=\"\">2022 report (pdf)<\/a><\/span><span>. <\/span><span style=\"font-weight:400;\">The remainder are publicly traded on the EGX. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">Performance indicators:<\/span><span style=\"\">The company\u2019s <\/span><span style=\"\">bottomline<\/span><span style=\"\"> more than <\/span><span style=\"\">doubled to EGP 850 m<\/span><span style=\"\">n in <\/span><span style=\"font-weight:400;\">2022 amid soaring global sugar prices, even as production dipped. Its topline grew c. 19% y-o-y to EGP 3.8 bn in 2022, up from EGP 3.2 bn in the previous year. DSC\u2019s production of beet sugar fell 15% y-o-y in 2022, molasses production was down 21%, and fodder production fell 13%, according to the report. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">Market reax:<\/span><span style=\"\">DSC\u2019s share price remained more or less steady, dipping 0.1% to <\/span><span style=\"\">EGP 24.75<\/span><span style=\"\"> by <\/span><span>yesterday\u2019s close. <\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Delta says it hasn\u2019t received any offers<\/p>\n","protected":false},"author":1,"featured_media":582966,"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":[7321],"tags":[299,10581,72,7128,81],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-582965","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-privatization-watch","tag-adq","tag-delta-sugar-company","tag-enterpriseam","tag-ma-watch","tag-privatization-watch","wpautop","entry"],"acf":{"mongo_id":"2b309171-16b5-4b8c-a45f-61957caead4a","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2023\/3\/Delta-Sugar-Company-1.jpg","photo_position":"below","homepage_title":"","full_issue_title":"UAE\u2019s ADQ reportedly in early stage talks for a stake in Egypt\u2019s Delta Sugar","related_issue":[582958],"teaser":"Delta says it hasn\u2019t received any offers","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2023\/3\/.12e9049f-0949-4651-a40d-e6f400b7fb84.mp3"},"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>ADQ reportedly in early stage talks for a stake in Delta Sugar - 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\/03\/14\/adq-reportedly-in-early-stage-talks-for-a-stake-in-delta-sugar\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"ADQ reportedly in early stage talks for a stake in Delta Sugar\" \/>\n<meta property=\"og:description\" content=\"Delta says it hasn\u2019t received any offers\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2023\/03\/14\/adq-reportedly-in-early-stage-talks-for-a-stake-in-delta-sugar\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2023-03-14T00:00:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2023\/3\/Delta-Sugar-Company-1.jpg?fit=%2C&ssl=1\" \/>\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\/2023\/03\/14\/adq-reportedly-in-early-stage-talks-for-a-stake-in-delta-sugar\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/03\/14\/adq-reportedly-in-early-stage-talks-for-a-stake-in-delta-sugar\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"ADQ reportedly in early stage talks for a stake in Delta Sugar\",\"datePublished\":\"2023-03-14T00:00:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/03\/14\/adq-reportedly-in-early-stage-talks-for-a-stake-in-delta-sugar\/\"},\"wordCount\":276,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/03\/14\/adq-reportedly-in-early-stage-talks-for-a-stake-in-delta-sugar\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2023\/3\/Delta-Sugar-Company-1.jpg?fit=%2C&ssl=1\",\"keywords\":[\"ADQ\",\"Delta Sugar Company\",\"EnterpriseAM\",\"M&amp;A Watch\",\"privatization watch\"],\"articleSection\":[\"Privatization\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/03\/14\/adq-reportedly-in-early-stage-talks-for-a-stake-in-delta-sugar\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2023\/03\/14\/adq-reportedly-in-early-stage-talks-for-a-stake-in-delta-sugar\/\",\"name\":\"ADQ reportedly in early stage talks for a stake in Delta Sugar - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/03\/14\/adq-reportedly-in-early-stage-talks-for-a-stake-in-delta-sugar\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/03\/14\/adq-reportedly-in-early-stage-talks-for-a-stake-in-delta-sugar\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2023\/3\/Delta-Sugar-Company-1.jpg?fit=%2C&ssl=1\",\"datePublished\":\"2023-03-14T00:00:00+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/03\/14\/adq-reportedly-in-early-stage-talks-for-a-stake-in-delta-sugar\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2023\/03\/14\/adq-reportedly-in-early-stage-talks-for-a-stake-in-delta-sugar\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/03\/14\/adq-reportedly-in-early-stage-talks-for-a-stake-in-delta-sugar\/#primaryimage\",\"url\":\"https:\/\/i0.wp.com\/ent.news\/2023\/3\/Delta-Sugar-Company-1.jpg?fit=%2C&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/ent.news\/2023\/3\/Delta-Sugar-Company-1.jpg?fit=%2C&ssl=1\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/03\/14\/adq-reportedly-in-early-stage-talks-for-a-stake-in-delta-sugar\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"ADQ reportedly in early stage talks for a stake in Delta Sugar\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"name\":\"EnterpriseAM\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\",\"name\":\"EnterpriseAM\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/240894.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/240894.svg\",\"caption\":\"EnterpriseAM\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\",\"name\":\"enterpriseam admin\",\"sameAs\":[\"http:\/\/enterpriseam.testing.projectsarea.com\"],\"url\":\"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"ADQ reportedly in early stage talks for a stake in Delta Sugar - EnterpriseAM Egypt","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/egypt\/2023\/03\/14\/adq-reportedly-in-early-stage-talks-for-a-stake-in-delta-sugar\/","og_locale":"en_US","og_type":"article","og_title":"ADQ reportedly in early stage talks for a stake in Delta Sugar","og_description":"Delta says it hasn\u2019t received any offers","og_url":"https:\/\/enterpriseam.com\/egypt\/2023\/03\/14\/adq-reportedly-in-early-stage-talks-for-a-stake-in-delta-sugar\/","og_site_name":"EnterpriseAM Egypt","article_published_time":"2023-03-14T00:00:00+00:00","og_image":[{"url":"https:\/\/i0.wp.com\/ent.news\/2023\/3\/Delta-Sugar-Company-1.jpg?fit=%2C&ssl=1","type":"","width":"","height":""}],"author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/egypt\/2023\/03\/14\/adq-reportedly-in-early-stage-talks-for-a-stake-in-delta-sugar\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/2023\/03\/14\/adq-reportedly-in-early-stage-talks-for-a-stake-in-delta-sugar\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"ADQ reportedly in early stage talks for a stake in Delta Sugar","datePublished":"2023-03-14T00:00:00+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2023\/03\/14\/adq-reportedly-in-early-stage-talks-for-a-stake-in-delta-sugar\/"},"wordCount":276,"publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/2023\/03\/14\/adq-reportedly-in-early-stage-talks-for-a-stake-in-delta-sugar\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2023\/3\/Delta-Sugar-Company-1.jpg?fit=%2C&ssl=1","keywords":["ADQ","Delta Sugar Company","EnterpriseAM","M&amp;A Watch","privatization watch"],"articleSection":["Privatization"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/egypt\/2023\/03\/14\/adq-reportedly-in-early-stage-talks-for-a-stake-in-delta-sugar\/","url":"https:\/\/enterpriseam.com\/egypt\/2023\/03\/14\/adq-reportedly-in-early-stage-talks-for-a-stake-in-delta-sugar\/","name":"ADQ reportedly in early stage talks for a stake in Delta Sugar - EnterpriseAM Egypt","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/#website"},"primaryImageOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2023\/03\/14\/adq-reportedly-in-early-stage-talks-for-a-stake-in-delta-sugar\/#primaryimage"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/2023\/03\/14\/adq-reportedly-in-early-stage-talks-for-a-stake-in-delta-sugar\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2023\/3\/Delta-Sugar-Company-1.jpg?fit=%2C&ssl=1","datePublished":"2023-03-14T00:00:00+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/egypt\/2023\/03\/14\/adq-reportedly-in-early-stage-talks-for-a-stake-in-delta-sugar\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/egypt\/2023\/03\/14\/adq-reportedly-in-early-stage-talks-for-a-stake-in-delta-sugar\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/2023\/03\/14\/adq-reportedly-in-early-stage-talks-for-a-stake-in-delta-sugar\/#primaryimage","url":"https:\/\/i0.wp.com\/ent.news\/2023\/3\/Delta-Sugar-Company-1.jpg?fit=%2C&ssl=1","contentUrl":"https:\/\/i0.wp.com\/ent.news\/2023\/3\/Delta-Sugar-Company-1.jpg?fit=%2C&ssl=1"},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/egypt\/2023\/03\/14\/adq-reportedly-in-early-stage-talks-for-a-stake-in-delta-sugar\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/egypt\/"},{"@type":"ListItem","position":2,"name":"ADQ reportedly in early stage talks for a stake in Delta Sugar"}]},{"@type":"WebSite","@id":"https:\/\/enterpriseam.com\/egypt\/#website","url":"https:\/\/enterpriseam.com\/egypt\/","name":"EnterpriseAM","description":"The State of the Nation","publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/enterpriseam.com\/egypt\/#organization","name":"EnterpriseAM","url":"https:\/\/enterpriseam.com\/egypt\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/","url":"https:\/\/ent.news\/internal\/240894.svg","contentUrl":"https:\/\/ent.news\/internal\/240894.svg","caption":"EnterpriseAM"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d","name":"enterpriseam admin","sameAs":["http:\/\/enterpriseam.testing.projectsarea.com"],"url":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"}]}},"featured_image_src":"https:\/\/i0.wp.com\/ent.news\/2023\/3\/Delta-Sugar-Company-1.jpg?resize=600%2C400&ssl=1","featured_image_src_square":"https:\/\/i0.wp.com\/ent.news\/2023\/3\/Delta-Sugar-Company-1.jpg?resize=600%2C600&ssl=1","author_info":{"display_name":"enterpriseam admin","author_link":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"},"jetpack_featured_media_url":"https:\/\/i0.wp.com\/ent.news\/2023\/3\/Delta-Sugar-Company-1.jpg?fit=%2C&ssl=1","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":548239,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/08\/01\/delta-sugar-denies-its-the-subject-of-an-adq-takeover-bid\/","url_meta":{"origin":582965,"position":0},"title":"Delta Sugar denies it\u2019s the subject of an ADQ takeover bid","author":"enterpriseam admin","date":"1 August 2022","format":false,"excerpt":"ADQ is being linked to everyone right now: Delta Sugar has denied knowledge of a rumored acquisition bid by Abu Dhabi wealth fund ADQ, saying in a disclosure (pdf) to the EGX yesterday that it has not received any offers. A report in the domestic press last week that ADQ\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":586365,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/05\/10\/is-adq-about-to-snap-up-a-stake-in-elab\/","url_meta":{"origin":582965,"position":1},"title":"Is ADQ about to snap up a stake in Elab?","author":"enterpriseam admin","date":"10 May 2023","format":false,"excerpt":"Elab could reportedly see a stake sale before the end of May","rel":"","context":"In &quot;Privatization&quot;","block_context":{"text":"Privatization","link":"https:\/\/enterpriseam.com\/egypt\/category\/business\/privatization-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/5\/497.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":583819,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/03\/14\/this-evening-safi-wataniya-are-each-selling-10-stakes-us-inflation-accelerates-as-fed-grapples-with-svb\/","url_meta":{"origin":582965,"position":2},"title":"THIS EVENING: Safi + Wataniya are each selling 10% stakes + US inflation accelerates as Fed grapples with SVB","author":"enterpriseam admin","date":"14 March 2023","format":false,"excerpt":"Happy hump day, wonderful people. The steady newsflow we\u2019ve grown accustomed to over the past couple of weeks is still holding up as we hit the midweek mark.THE BIG STORY TODAY Safi + Wataniya are each seeing 10% stake sales: The Madbouly government is reportedly planning to sell a minimum\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\/2022\/6\/smiling-man-selling-button-1600px.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":561435,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/04\/07\/adq-teams-up-with-adnoc-on-wataniya-bid\/","url_meta":{"origin":582965,"position":3},"title":"ADQ teams up with Adnoc on Wataniya bid","author":"enterpriseam admin","date":"7 April 2021","format":false,"excerpt":"Abu Dhabi\u2019s sovereign wealth fund ADQ is joining forces with Abu Dhabi National Oil Company (Adnoc) in its takeover bid for military owned Wataniya Petroleum, with the aim of making a stronger offer for the company, the local press reports, citing unnamed sources. Adnoc was reportedly in the process of\u2026","rel":"","context":"In &quot;Privatization&quot;","block_context":{"text":"Privatization","link":"https:\/\/enterpriseam.com\/egypt\/category\/business\/privatization-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/4\/63.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":588457,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/06\/12\/adq-eyeing-a-stake-in-kima\/","url_meta":{"origin":582965,"position":4},"title":"ADQ eyeing a stake in Kima?","author":"enterpriseam admin","date":"12 June 2023","format":false,"excerpt":"The stake sale could finance phase 2 of Kima\u2019s Aswan plant","rel":"","context":"In &quot;Privatization&quot;","block_context":{"text":"Privatization","link":"https:\/\/enterpriseam.com\/egypt\/category\/business\/privatization-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/6\/527.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":545715,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/04\/10\/adq-could-buy-up-national-investment-banks-entire-stake-in-abu-qir\/","url_meta":{"origin":582965,"position":5},"title":"ADQ could buy up National Investment Bank\u2019s entire stake in Abu Qir","author":"enterpriseam admin","date":"10 April 2022","format":false,"excerpt":"Abu Dhabi wealth fund ADQ is on course to acquire the National Investment Bank\u2019s (NIB) entire 21.5% stake in Abu Qir Fertilizers as part of its USD 2 bn investment in Egypt, sources told Bloomberg Asharq, without disclosing the value of the sale. A senior exec at NIB would neither\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":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/582965","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=582965"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/582965\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/582958"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/582966"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=582965"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=582965"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=582965"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=582965"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=582965"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}