{"id":596844,"date":"2019-07-09T04:28:26","date_gmt":"2019-07-09T04:28:26","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/07\/09\/ode-sells-51-stake-in-oberoi-zahra-for-usd-4-mn\/"},"modified":"2019-07-09T04:28:26","modified_gmt":"2019-07-09T04:28:26","slug":"ode-sells-51-stake-in-oberoi-zahra-for-usd-4-mn","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/07\/09\/ode-sells-51-stake-in-oberoi-zahra-for-usd-4-mn\/","title":{"rendered":"ODE sells 51% stake in Oberoi Zahra for USD 4 mn"},"content":{"rendered":"<p>Orascom Development Egypt (ODE) has sold its 51% stake in Oberoi Zahra, a Nile cruise floating boat, to a private investor for an enterprise value of USD 4 mn, the company said in a <a href=\"http:\/\/www.egx.com.eg\/downloads\/News\/%d8%a7%d9%88%d8%b1%d8%a7%d8%b3%d9%83%d9%88%d9%85%20%d8%a8%d9%8a%d8%a7%d9%86%20%d8%a7%d9%86%d8%ac%d9%84%d9%8a%d8%b2%d9%89%2008-07-2019.pdf\">press release (pdf)<\/a>. The sale will result in cash proceeds of USD 2 mn that will be used for the group\u2019s expansion plans.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Orascom Development Egypt (ODE) has sold its 51% stake in Oberoi Zahra, a Nile cruise floating boat, to a private investor for an enterprise value of USD 4 mn, the company said in a press release (pdf). The sale will result in cash proceeds of USD 2 mn that will be used for the group\u2019s [&hellip;]<\/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":[7377],"tags":[72,7128,256,238],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-596844","post","type-post","status-publish","format-standard","hentry","category-tourism","tag-enterpriseam","tag-ma-watch","tag-orascom-development-egypt","tag-tourism","wpautop","entry"],"acf":{"mongo_id":"80c55256-2bb0-4ed6-a806-61a663dd3e25","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[596815],"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>ODE sells 51% stake in Oberoi Zahra for USD 4 mn - 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\/2019\/07\/09\/ode-sells-51-stake-in-oberoi-zahra-for-usd-4-mn\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"ODE sells 51% stake in Oberoi Zahra for USD 4 mn\" \/>\n<meta property=\"og:description\" content=\"Orascom Development Egypt (ODE) has sold its 51% stake in Oberoi Zahra, a Nile cruise floating boat, to a private investor for an enterprise value of USD 4 mn, the company said in a press release (pdf). The sale will result in cash proceeds of USD 2 mn that will be used for the group\u2019s [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2019\/07\/09\/ode-sells-51-stake-in-oberoi-zahra-for-usd-4-mn\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2019-07-09T04:28:26+00:00\" \/>\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<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/07\/09\/ode-sells-51-stake-in-oberoi-zahra-for-usd-4-mn\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/07\/09\/ode-sells-51-stake-in-oberoi-zahra-for-usd-4-mn\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"ODE sells 51% stake in Oberoi Zahra for USD 4 mn\",\"datePublished\":\"2019-07-09T04:28:26+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/07\/09\/ode-sells-51-stake-in-oberoi-zahra-for-usd-4-mn\/\"},\"wordCount\":64,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"M&amp;A Watch\",\"Orascom Development Egypt\",\"tourism\"],\"articleSection\":[\"Tourism\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/07\/09\/ode-sells-51-stake-in-oberoi-zahra-for-usd-4-mn\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2019\/07\/09\/ode-sells-51-stake-in-oberoi-zahra-for-usd-4-mn\/\",\"name\":\"ODE sells 51% stake in Oberoi Zahra for USD 4 mn - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"datePublished\":\"2019-07-09T04:28:26+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/07\/09\/ode-sells-51-stake-in-oberoi-zahra-for-usd-4-mn\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2019\/07\/09\/ode-sells-51-stake-in-oberoi-zahra-for-usd-4-mn\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/07\/09\/ode-sells-51-stake-in-oberoi-zahra-for-usd-4-mn\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"ODE sells 51% stake in Oberoi Zahra for USD 4 mn\"}]},{\"@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":"ODE sells 51% stake in Oberoi Zahra for USD 4 mn - 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\/2019\/07\/09\/ode-sells-51-stake-in-oberoi-zahra-for-usd-4-mn\/","og_locale":"en_US","og_type":"article","og_title":"ODE sells 51% stake in Oberoi Zahra for USD 4 mn","og_description":"Orascom Development Egypt (ODE) has sold its 51% stake in Oberoi Zahra, a Nile cruise floating boat, to a private investor for an enterprise value of USD 4 mn, the company said in a press release (pdf). 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