{"id":586840,"date":"2023-05-17T00:00:00","date_gmt":"2023-05-17T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2023\/05\/17\/this-evening-oc-divests-construction-chemicals-subsidiary-to-switzerlands-sika\/"},"modified":"2023-05-17T00:00:00","modified_gmt":"2023-05-17T00:00:00","slug":"this-evening-oc-divests-construction-chemicals-subsidiary-to-switzerlands-sika","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2023\/05\/17\/this-evening-oc-divests-construction-chemicals-subsidiary-to-switzerlands-sika\/","title":{"rendered":"THIS EVENING: OC divests construction chemicals subsidiary to Switzerland\u2019s Sika"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">Good afternoon, friends.<\/span><span style=\"\"> It\u2019s nearly the end of this very busy week, which we\u2019re looking<\/span><span style=\"font-weight:400;\"> forward to more than most other weeks. <\/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;\">THE BIG STORY TODAY<\/span><\/p>\n<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\">Orascom Construction has sold its entire stake in a construction chemicals<\/span><span style=\"font-weight:700\"> subsidiary for EGP 1.8 bn to Swiss chemicals firm Sika<\/span><span>, it said in a <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/ent.news\/2023\/5\/978.pdf\" style=\"\">statement (pdf)<\/a><\/span><span style=\"\">. The transaction saw OC divest its entire 28.25% stake in the firm as it looks to reallocate funds to accretive investments.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\"><\/p>\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">** CATCH UP QUICK<\/span><span style=\"\"> on the top stories from today\u2019s <\/span><span style=\"font-weight:700\">EnterpriseAM<\/span><span style=\"font-weight:400;\">:<\/span><\/p>\n<ul>\n<li><span style=\"font-weight:700\">The economic outlook is uncertain \u2014 but good Egyptian businesses remain attractive to investors:<\/span><span> That was the <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/6756c86f-f7e5-4cbd-9445-8e941a356641\" style=\"\">key takeaway<\/a><\/span><span style=\"font-weight:400;\"> from a panel at the Enterprise Exports and FDI Forum on Monday that featured Hossam Abou Moussa, partner at Apis Partners, Hassan Massoud, associate director and head of private equity for the Southern Mediterranean at the European Bank for Reconstruction and Development (EBRD), and Cheick-Oumar Sylla, the International Finance Corporation\u2019s director for North Africa and Horn of Africa.<\/span><\/li>\n<li><span style=\"font-weight:700\">The European Bank for Reconstruction and Development has <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;font-weight:700;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/f374c97f-59fd-426c-ac20-c024ee0e75d3\" style=\"\">cut its Egypt growth forecast<\/a><\/span><span style=\"font-weight:400;\"> for the current fiscal year as the economy continues to face headwinds due to a protracted currency crisis and heightened inflation.<\/span><\/li>\n<li><span style=\"font-weight:700\">Egypt was <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;font-weight:700;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/831dd0ac-8848-48c2-a06d-9b25c307553f\" style=\"\">the largest recipient<\/a><\/span><span style=\"font-weight:700\"> of FDI in the MEA last year and the second largest recipient globally<\/span><span style=\"font-weight:400;\">, drawing around USD 107 bn of FDI in 2022, which went towards 148 projects.<\/span><\/li>\n<\/ul>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\"><\/p>\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 style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">WANT TO START A CAREER IN INVESTOR RELATIONS ADVISORY?<\/span><span style=\"font-weight:400;\">Enterprise Advisory (formerly known as Inktank Communications) is looking for smart, talented people to help us tell the stories of exciting companies. Enterprise Advisory is the region\u2019s leading investor relations advisory company and works on investor and strategic communications issues that take you deep inside the c-suite. Our clients are in Egypt, Saudi Arabia, the UAE and beyond. Egyptian and foreign nationals alike are welcome to apply.<\/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\">NEVER WORKED IN INVESTOR RELATIONS OR ADVISORY BEFORE?<\/span><span style=\"\"> We have the<\/span><span style=\"font-weight:400;\"> Enterprise Advisory Development Program. The four-month program will see full-time, paid participants take part in workshops and lectures from veteran investor relations and advisory professionals, while also applying their knowledge in a practical setting. Those who successfully complete the program will be offered full-time positions on staff for a chance to work in a flexible and supportive \u2014 but still fast-paced \u2014 work environment that eschews micromanagement and rewards good work. Enterprise Advisory offers the chance to build a network of high-ranking individuals across some of the largest and most influential companies in the region through direct exposure to clients.<\/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;\">During the program, you\u2019ll learn:<\/span><\/p>\n<ul>\n<li><span style=\"font-weight:400;\">Finance for non-finance people;<\/span><\/li>\n<li><span style=\"font-weight:400;\">How to analyze businesses, their business models, their strategic advantages, and their strategies;<\/span><\/li>\n<li><span style=\"font-weight:400;\">How to take that information and then tell an audience of investors, journalists, and analysts a compelling and well-developed story;<\/span><\/li>\n<li><span style=\"font-weight:400;\">How to frame individual companies\u2019 stories within the wider macroeconomic environment.<\/span><\/li>\n<\/ul>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">Career switchers are very welcome.<\/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\">Apply directly to jobs@enterprisemea.com and mention \u201cadvisory development<\/span><span style=\"font-weight:700\"> program\u201d<\/span><span> in your subject line.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\"><\/p>\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">\u2600\ufe0f <\/span><span style=\"font-weight:700\">TOMORROW\u2019S WEATHER- <\/span><span style=\"\">The mercury is expected to drop to a more tolerable daytime<\/span><span> high of 31<\/span><span style=\"font-weight:400;\">\u00b0C tomorrow, before cooling off to a low of 16\u00b0C in the evening, our favorite weather app suggests. <\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Good afternoon, friends. It\u2019s nearly the end of this very busy week, which we\u2019re looking forward to more than most other weeks. THE BIG STORY TODAY Orascom Construction has sold its entire stake in a construction chemicals subsidiary for EGP 1.8 bn to Swiss chemicals firm Sika, it said in a statement (pdf). The transaction [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":586841,"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":[633,363,634],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-586840","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-what-were-tracking-tonight","tag-enterprisepm","tag-orascom-construction","tag-what-were-tracking-tonight","wpautop","entry"],"acf":{"mongo_id":"3fcdc52d-1a3a-4e21-ad03-8cab8119b10b","order":"0","is_powered_by":false,"story_type":"4","photo_url":"https:\/\/ent.news\/2023\/1\/357.jpg","photo_position":"above","homepage_title":"","full_issue_title":"","related_issue":[586838],"teaser":"","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2023\/5\/.37c46b5f-dd2b-47ee-83a5-3ae87e6f7cd8.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>THIS EVENING: OC divests construction chemicals subsidiary to Switzerland\u2019s Sika - 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\/05\/17\/this-evening-oc-divests-construction-chemicals-subsidiary-to-switzerlands-sika\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"THIS EVENING: OC divests construction chemicals subsidiary to Switzerland\u2019s Sika\" \/>\n<meta property=\"og:description\" content=\"Good afternoon, friends. It\u2019s nearly the end of this very busy week, which we\u2019re looking forward to more than most other weeks. THE BIG STORY TODAY Orascom Construction has sold its entire stake in a construction chemicals subsidiary for EGP 1.8 bn to Swiss chemicals firm Sika, it said in a statement (pdf). The transaction [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2023\/05\/17\/this-evening-oc-divests-construction-chemicals-subsidiary-to-switzerlands-sika\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2023-05-17T00:00:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2023\/1\/357.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=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/05\/17\/this-evening-oc-divests-construction-chemicals-subsidiary-to-switzerlands-sika\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/05\/17\/this-evening-oc-divests-construction-chemicals-subsidiary-to-switzerlands-sika\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"THIS EVENING: OC divests construction chemicals subsidiary to Switzerland\u2019s Sika\",\"datePublished\":\"2023-05-17T00:00:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/05\/17\/this-evening-oc-divests-construction-chemicals-subsidiary-to-switzerlands-sika\/\"},\"wordCount\":554,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/05\/17\/this-evening-oc-divests-construction-chemicals-subsidiary-to-switzerlands-sika\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2023\/1\/357.jpg?fit=%2C&ssl=1\",\"keywords\":[\"EnterprisePM\",\"Orascom Construction\",\"WHAT WE\u2019RE TRACKING TONIGHT\"],\"articleSection\":[\"WHAT WE\u2019RE TRACKING TONIGHT\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/05\/17\/this-evening-oc-divests-construction-chemicals-subsidiary-to-switzerlands-sika\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2023\/05\/17\/this-evening-oc-divests-construction-chemicals-subsidiary-to-switzerlands-sika\/\",\"name\":\"THIS EVENING: OC divests construction chemicals subsidiary to Switzerland\u2019s Sika - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/05\/17\/this-evening-oc-divests-construction-chemicals-subsidiary-to-switzerlands-sika\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/05\/17\/this-evening-oc-divests-construction-chemicals-subsidiary-to-switzerlands-sika\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2023\/1\/357.jpg?fit=%2C&ssl=1\",\"datePublished\":\"2023-05-17T00:00:00+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/05\/17\/this-evening-oc-divests-construction-chemicals-subsidiary-to-switzerlands-sika\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2023\/05\/17\/this-evening-oc-divests-construction-chemicals-subsidiary-to-switzerlands-sika\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/05\/17\/this-evening-oc-divests-construction-chemicals-subsidiary-to-switzerlands-sika\/#primaryimage\",\"url\":\"https:\/\/i0.wp.com\/ent.news\/2023\/1\/357.jpg?fit=%2C&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/ent.news\/2023\/1\/357.jpg?fit=%2C&ssl=1\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/05\/17\/this-evening-oc-divests-construction-chemicals-subsidiary-to-switzerlands-sika\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"THIS EVENING: OC divests construction chemicals subsidiary to Switzerland\u2019s Sika\"}]},{\"@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":"THIS EVENING: OC divests construction chemicals subsidiary to Switzerland\u2019s Sika - 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\/05\/17\/this-evening-oc-divests-construction-chemicals-subsidiary-to-switzerlands-sika\/","og_locale":"en_US","og_type":"article","og_title":"THIS EVENING: OC divests construction chemicals subsidiary to Switzerland\u2019s Sika","og_description":"Good afternoon, friends. It\u2019s nearly the end of this very busy week, which we\u2019re looking forward to more than most other weeks. THE BIG STORY TODAY Orascom Construction has sold its entire stake in a construction chemicals subsidiary for EGP 1.8 bn to Swiss chemicals firm Sika, it said in a statement (pdf). The transaction [&hellip;]","og_url":"https:\/\/enterpriseam.com\/egypt\/2023\/05\/17\/this-evening-oc-divests-construction-chemicals-subsidiary-to-switzerlands-sika\/","og_site_name":"EnterpriseAM Egypt","article_published_time":"2023-05-17T00:00:00+00:00","og_image":[{"url":"https:\/\/i0.wp.com\/ent.news\/2023\/1\/357.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":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/egypt\/2023\/05\/17\/this-evening-oc-divests-construction-chemicals-subsidiary-to-switzerlands-sika\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/2023\/05\/17\/this-evening-oc-divests-construction-chemicals-subsidiary-to-switzerlands-sika\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"THIS EVENING: OC divests construction chemicals subsidiary to Switzerland\u2019s Sika","datePublished":"2023-05-17T00:00:00+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2023\/05\/17\/this-evening-oc-divests-construction-chemicals-subsidiary-to-switzerlands-sika\/"},"wordCount":554,"publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/2023\/05\/17\/this-evening-oc-divests-construction-chemicals-subsidiary-to-switzerlands-sika\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2023\/1\/357.jpg?fit=%2C&ssl=1","keywords":["EnterprisePM","Orascom Construction","WHAT WE\u2019RE TRACKING TONIGHT"],"articleSection":["WHAT WE\u2019RE TRACKING TONIGHT"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/egypt\/2023\/05\/17\/this-evening-oc-divests-construction-chemicals-subsidiary-to-switzerlands-sika\/","url":"https:\/\/enterpriseam.com\/egypt\/2023\/05\/17\/this-evening-oc-divests-construction-chemicals-subsidiary-to-switzerlands-sika\/","name":"THIS EVENING: OC divests construction chemicals subsidiary to Switzerland\u2019s Sika - EnterpriseAM Egypt","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/#website"},"primaryImageOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2023\/05\/17\/this-evening-oc-divests-construction-chemicals-subsidiary-to-switzerlands-sika\/#primaryimage"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/2023\/05\/17\/this-evening-oc-divests-construction-chemicals-subsidiary-to-switzerlands-sika\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2023\/1\/357.jpg?fit=%2C&ssl=1","datePublished":"2023-05-17T00:00:00+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/egypt\/2023\/05\/17\/this-evening-oc-divests-construction-chemicals-subsidiary-to-switzerlands-sika\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/egypt\/2023\/05\/17\/this-evening-oc-divests-construction-chemicals-subsidiary-to-switzerlands-sika\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/2023\/05\/17\/this-evening-oc-divests-construction-chemicals-subsidiary-to-switzerlands-sika\/#primaryimage","url":"https:\/\/i0.wp.com\/ent.news\/2023\/1\/357.jpg?fit=%2C&ssl=1","contentUrl":"https:\/\/i0.wp.com\/ent.news\/2023\/1\/357.jpg?fit=%2C&ssl=1"},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/egypt\/2023\/05\/17\/this-evening-oc-divests-construction-chemicals-subsidiary-to-switzerlands-sika\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/egypt\/"},{"@type":"ListItem","position":2,"name":"THIS EVENING: OC divests construction chemicals subsidiary to Switzerland\u2019s Sika"}]},{"@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\/1\/357.jpg?resize=600%2C400&ssl=1","featured_image_src_square":"https:\/\/i0.wp.com\/ent.news\/2023\/1\/357.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\/1\/357.jpg?fit=%2C&ssl=1","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":586889,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/05\/18\/orascom-construction-sells-chemicals-subsidiary-for-egp-1-8-bn\/","url_meta":{"origin":586840,"position":0},"title":"Orascom Construction sells chemicals subsidiary for EGP 1.8 bn","author":"enterpriseam admin","date":"18 May 2023","format":false,"excerpt":"OC plans to allocate the proceeds to \u201cgrowth and value-accretive areas\u201d","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\/5\/1000.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":589374,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/06\/26\/orascom-construction-offloads-cement-arm-to-french-manufacturer\/","url_meta":{"origin":586840,"position":1},"title":"Orascom Construction offloads cement arm to French manufacturer","author":"enterpriseam admin","date":"26 June 2023","format":false,"excerpt":"This is the second materials subsidiary OC has sold recently","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\/6\/1285.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":571637,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/05\/19\/bitumode-agrees-to-share-price-in-sika-egypts-mto\/","url_meta":{"origin":586840,"position":2},"title":"Bitumode agrees to share price in Sika Egypt\u2019s MTO","author":"enterpriseam admin","date":"19 May 2020","format":false,"excerpt":"M&A WATCH- Modern Waterproofing (Bitumode) has agreed to the EGP 3.91 share price Sika Egypt has set in its mandatory tender offer (MTO) for 100% of Bitumode\u2019s 119 mn shares, according to Hapi Journal. The Financial Regulatory Authority had approved the construction chemicals supplier\u2019s MTO last week.","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":571484,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/05\/13\/fra-green-lights-sika-egypts-mto-for-bitumode\/","url_meta":{"origin":586840,"position":3},"title":"FRA green-lights Sika Egypt\u2019s MTO for Bitumode","author":"enterpriseam admin","date":"13 May 2020","format":false,"excerpt":"M&A WATCH- FRA green-lights Sika Egypt\u2019s MTO for Bitumode: The Financial Regulatory Authority (FRA) has approved a mandatory tender offer submitted by construction chemicals supplier Sika Egypt for up to 100% of Modern Waterproofing (Bitumode), Bitumode said in a regulatory filing (pdf). Sika\u2019s offer, reviewed late last month by the\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":542976,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/01\/26\/ezz-steel-acquires-abou-hashimas-remaining-egyptian-steel-stake\/","url_meta":{"origin":586840,"position":4},"title":"Ezz Steel acquires Abou Hashima\u2019s remaining Egyptian Steel stake","author":"enterpriseam admin","date":"26 January 2022","format":false,"excerpt":"Ezz Steel has completed its purchase of Ahmed Abou Hashima\u2019s 18% stake in Egyptian Steel, announcing yesterday in an EGX filing (pdf) that the shares have changed hands. The steel giant\u2019s board of directors in December approved the acquisition through its subsidiary Al Ezz Dekheila Steel, which was set to\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":601222,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/02\/21\/oc-subsidiary-lafarge-egypt-to-complete-marsa-matrouh-siwa-road-extension\/","url_meta":{"origin":586840,"position":5},"title":"OC subsidiary, LaFarge Egypt to complete Marsa Matrouh-Siwa road extension","author":"enterpriseam admin","date":"21 February 2019","format":false,"excerpt":"A consortium made of a subsidiary of Orascom Construction (OC) and LaFarge Egypt is planning to complete an extension to the 300 km Marsa Matruh-Siwa desert road, LaFarge Egypt CEO Hussein Mansi said. The consortium will break ground on the two-year project as soon as the government awards it the\u2026","rel":"","context":"In &quot;Infrastructure&quot;","block_context":{"text":"Infrastructure","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/infrastructure\/"},"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\/586840","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=586840"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/586840\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/afternoon\/586838"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/586841"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=586840"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=586840"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=586840"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=586840"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=586840"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}