{"id":597090,"date":"2019-07-16T04:21:22","date_gmt":"2019-07-16T04:21:22","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/07\/16\/ni-capital-invites-investment-banks-to-advise-on-sidpec-share-sale\/"},"modified":"2019-07-16T04:21:22","modified_gmt":"2019-07-16T04:21:22","slug":"ni-capital-invites-investment-banks-to-advise-on-sidpec-share-sale","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/07\/16\/ni-capital-invites-investment-banks-to-advise-on-sidpec-share-sale\/","title":{"rendered":"NI Capital invites investment banks to advise on Sidpec share sale"},"content":{"rendered":"<p><b>NI Capital invites investment banks to advise on Sidpec share sale: <\/b>State investment bank NI Capital has invited top investment banks to bid on the role of adviser for the sale of 30% of Sidi Kerir Petrochemicals (Sidpec), <a href=\"https:\/\/almalnews.com\/%d8%a5%d9%86-%d8%a2%d9%89-%d9%83%d8%a7%d8%a8%d9%8a%d8%aa%d8%a7%d9%84-%d8%aa%d8%af%d8%b9%d9%88-%d8%a8%d9%86%d9%88%d9%83-%d8%a7%d9%84%d8%a7%d8%b3%d8%aa%d8%ab%d9%85%d8%a7%d8%b1-%d9%84%d9%85\/\">government sources tell Al Mal<\/a>. The sources noted that banks that were invited were those whose brokerage arms were in the top five of the brokerage league tables, which we can safely assume will include the likes EFG Hermes, CI Capital, and Beltone Financial. NI Capital had already lined up the advisers for Alexandria Containers and Cargo Handling Company (ACCH) and Abu Qir Fertilizers \u2014 the other companies that will see stake sales as part of the state privatization program. EFG Hermes and Citi are advising on the stake sale of ACCH, while Abu Qir is being advised by Renaissance Capital and CI Capital. Share sales are not expected to take place <a href=\"https:\/\/enterprise.press\/stories\/2019\/07\/11\/no-stake-sales-in-state-companies-happening-before-september\/\">before September<\/a>, Public Enterprises Minister Hisham Tawfik told us.<\/p>\n<p><b>Competition to advise on e-Finance IPO heats up: <\/b>In other news on the state privatization program, government e-payments firm e-Finance is currently deciding on bids from EFG Hermes, CI Capital, Pharos Holdings, Beltone, and Renaissance Capital for the mandate to advise on its IPO, <a href=\"https:\/\/alborsaanews.com\/2019\/07\/15\/1224845\">the local press reports<\/a>. A decision on the mandate will be taken during the next meeting of the government committee managing the state privatization, sources said without revealing when the meeting will take place. e-Finance has reportedly chosen Baker Tilly Wag to conduct the fair value report. Reports in the local press <a href=\"https:\/\/enterprise.press\/stories\/2019\/06\/23\/egypt-to-sell-10-15-stake-in-e-finance-in-4q2019-ipo\/\">had noted<\/a> that the government is planning to sell 10-15% of e-Finance in an IPO during 4Q2019.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NI Capital invites investment banks to advise on Sidpec share sale: State investment bank NI Capital has invited top investment banks to bid on the role of adviser for the sale of 30% of Sidi Kerir Petrochemicals (Sidpec), government sources tell Al Mal. The sources noted that banks that were invited were those whose brokerage [&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":[8572],"tags":[136,84,68,72,834,706,2380,587],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-597090","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-ci-capital","tag-efg-hermes","tag-egx","tag-enterpriseam","tag-ni-capital","tag-sidi-kerir-petrochemicals","tag-speed-round","tag-state-privatization-program","wpautop","entry"],"acf":{"mongo_id":"92342cda-90c3-47f6-bd1b-338af7e3a774","is_powered_by":true,"section_story_id":"564326f1-c1ed-4186-924a-cfd3aed803d2","story_type":"1","photo_url":"","photo_position":"above","related_issue":[597081],"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>NI Capital invites investment banks to advise on Sidpec share sale - 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\/16\/ni-capital-invites-investment-banks-to-advise-on-sidpec-share-sale\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"NI Capital invites investment banks to advise on Sidpec share sale\" \/>\n<meta property=\"og:description\" content=\"NI Capital invites investment banks to advise on Sidpec share sale: State investment bank NI Capital has invited top investment banks to bid on the role of adviser for the sale of 30% of Sidi Kerir Petrochemicals (Sidpec), government sources tell Al Mal. The sources noted that banks that were invited were those whose brokerage [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2019\/07\/16\/ni-capital-invites-investment-banks-to-advise-on-sidpec-share-sale\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2019-07-16T04:21:22+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\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\/2019\/07\/16\/ni-capital-invites-investment-banks-to-advise-on-sidpec-share-sale\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/07\/16\/ni-capital-invites-investment-banks-to-advise-on-sidpec-share-sale\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"NI Capital invites investment banks to advise on Sidpec share sale\",\"datePublished\":\"2019-07-16T04:21:22+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/07\/16\/ni-capital-invites-investment-banks-to-advise-on-sidpec-share-sale\/\"},\"wordCount\":281,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"CI Capital\",\"EFG Hermes\",\"EGX\",\"EnterpriseAM\",\"NI Capital\",\"Sidi Kerir Petrochemicals\",\"SPEED ROUND\",\"state privatization program\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/07\/16\/ni-capital-invites-investment-banks-to-advise-on-sidpec-share-sale\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2019\/07\/16\/ni-capital-invites-investment-banks-to-advise-on-sidpec-share-sale\/\",\"name\":\"NI Capital invites investment banks to advise on Sidpec share sale - 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(Sidpec) as part of the state\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":597540,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/07\/30\/ni-capital-to-select-quarterback-for-sidpec-stake-sale-in-september\/","url_meta":{"origin":597090,"position":1},"title":"NI Capital to select quarterback for Sidpec stake sale in September","author":"enterpriseam admin","date":"30 July 2019","format":false,"excerpt":"IPO WATCH- NI Capital to select quarterback for Sidpec stake sale in September: State investment bank NI Capital will announce in September the winning bid out of seven offers it received from investment banks to advise on the planned sale of an additional 23% stake in Sidi Kerir Petrochemicals (Sidpec)\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":599315,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/06\/25\/egypts-state-owned-sidpec-stake-sale-preparations-underway\/","url_meta":{"origin":597090,"position":2},"title":"Egypt\u2019s state-owned SIDPEC stake sale preparations underway","author":"enterpriseam admin","date":"25 June 2019","format":false,"excerpt":"Sidpec stake sale preparations underway: Preparations are underway to kickstart the bookbuilding process of a 30% stake sale in Sidi Kerir Petrochemicals (Sidpec) as part of the state privatization program, Al Mal reports, citing sources \u201cclose to the matter.\u201d NI Capital, the state-owned investment bank managing the program, signed contracts\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\/2020\/2\/259.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":596915,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/07\/11\/no-stake-sales-in-state-companies-happening-before-september\/","url_meta":{"origin":597090,"position":3},"title":"No stake sales in state companies happening before September","author":"enterpriseam admin","date":"11 July 2019","format":false,"excerpt":"EXCLUSIVE- No stake sales in state companies happening before September: The sale of additional stakes in already listed state companies will not take place before September, Public Enterprises Minister Hisham Tawfik tells Enterprise. The sale of an additional stake in Alexandria Containers and Cargo Handling Company (ACCH), Abu Qir Fertilizers,\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\/2019\/4\/Egypt-state-privatization-program-IPOs.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":589637,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/07\/06\/sidpec-approves-fair-value-studies-ahead-of-ethydco-merger\/","url_meta":{"origin":597090,"position":4},"title":"Sidpec approves fair value studies ahead of Ethydco merger","author":"enterpriseam admin","date":"6 July 2023","format":false,"excerpt":"Ethydco remains on the auction block as part of the rebooted privatization program","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\/7\/179.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":550095,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/10\/13\/sidpec-wants-100-of-ethydco\/","url_meta":{"origin":597090,"position":5},"title":"Sidpec wants 100% of Ethydco","author":"enterpriseam admin","date":"13 October 2022","format":false,"excerpt":"Sidpec wants Ethydco: EGX-listed Sidi Kerir Petrochemicals (Sidpec) wants to fully acquire subsidiary Egyptian Ethylene and Derivatives Company (Ethydco) through a share swap, Chairman Mohamed Ibrahim told CNBC Arabia yesterday (watch, runtime: 9:45), adding that Sidpec expects to wrap up the acquisition in less than a year.Sidpec\u2019s board will discuss\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\/10\/215.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\/597090","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=597090"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/597090\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/597081"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=597090"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=597090"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=597090"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=597090"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=597090"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}