{"id":597423,"date":"2019-07-25T03:46:40","date_gmt":"2019-07-25T03:46:40","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/07\/25\/gth-board-approves-grant-thornton-valuation-report\/"},"modified":"2019-07-25T03:46:40","modified_gmt":"2019-07-25T03:46:40","slug":"gth-board-approves-grant-thornton-valuation-report","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/07\/25\/gth-board-approves-grant-thornton-valuation-report\/","title":{"rendered":"GTH board approves Grant Thornton valuation report"},"content":{"rendered":"

Global Telecom Holding\u2019s (GTH) board has approved the updated valuation report prepared by independent financial advisor Grant Thornton in relation to Veon\u2019s bid to acquire GTH\u2019s operating assets and the mandatory tender offer (MTO), the company said in a bourse filing (pdf)<\/a>. The report valued GTH at EGP 4.93 per share,<\/a> slightly lower than the EGP 5.08 MTO price. Veon has nearly completed<\/a> its purchase of the remaining 42.3% of GTH in an MTO after it reached a USD 136 mn settlement<\/a> with the tax authority last month. You can read Grant Thornton\u2019s full report here (pdf)<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Global Telecom Holding\u2019s (GTH) board has approved the updated valuation report prepared by independent financial advisor Grant Thornton in relation to Veon\u2019s bid to acquire GTH\u2019s operating assets and the mandatory tender offer (MTO), the company said in a bourse filing (pdf). The report valued GTH at EGP 4.93 per share, slightly lower than the […]<\/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":[9298],"tags":[2372,72,9102,2560,9352],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-597423","post","type-post","status-publish","format-standard","hentry","category-banking-finance","tag-banking-finance","tag-enterpriseam","tag-global-telecom-holding","tag-grant-thornton","tag-veon","wpautop","entry"],"acf":{"mongo_id":"9f43a172-b123-480f-9057-4e170b4cb178","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[597394],"teaser":"","voice_url":""},"yoast_head":"\nGTH board approves Grant Thornton valuation report - 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\/25\/gth-board-approves-grant-thornton-valuation-report\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"GTH board approves Grant Thornton valuation report\" \/>\n<meta property=\"og:description\" content=\"Global Telecom Holding\u2019s (GTH) board has approved the updated valuation report prepared by independent financial advisor Grant Thornton in relation to Veon\u2019s bid to acquire GTH\u2019s operating assets and the mandatory tender offer (MTO), the company said in a bourse filing (pdf). The report valued GTH at EGP 4.93 per share, slightly lower than the […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2019\/07\/25\/gth-board-approves-grant-thornton-valuation-report\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2019-07-25T03:46:40+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\/25\/gth-board-approves-grant-thornton-valuation-report\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/07\/25\/gth-board-approves-grant-thornton-valuation-report\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"GTH board approves Grant Thornton valuation report\",\"datePublished\":\"2019-07-25T03:46:40+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/07\/25\/gth-board-approves-grant-thornton-valuation-report\/\"},\"wordCount\":104,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"BANKING + FINANCE\",\"EnterpriseAM\",\"Global Telecom Holding\",\"Grant Thornton\",\"Veon\"],\"articleSection\":[\"Banking + Finance\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/07\/25\/gth-board-approves-grant-thornton-valuation-report\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2019\/07\/25\/gth-board-approves-grant-thornton-valuation-report\/\",\"name\":\"GTH board approves Grant Thornton valuation report - 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GTH has called for a shareholders\u2019 meeting on 27 August to\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2019\/2\/1049.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":596959,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/07\/14\/veon-nearly-completes-mto-of-42-3-of-global-telecom-holding\/","url_meta":{"origin":597423,"position":1},"title":"Veon nearly completes MTO of 42.3% of Global Telecom Holding","author":"enterpriseam admin","date":"14 July 2019","format":false,"excerpt":"M&A WATCH- GTH nearly completes sale of 42.3% stake to Veon: Global Telecom Holding (GTH) shareholders have completed the sale of 37% of the 1.99 bn shares in a mandatory tender offer (MTO) launched by majority shareholder Veon to acquire 42.3% of the company, the local press reported. Shareholders offered\u2026","rel":"","context":"In "Speed Round"","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":595862,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/08\/08\/veon-mto-for-global-telecom-closes\/","url_meta":{"origin":597423,"position":2},"title":"Veon MTO for Global Telecom closes","author":"enterpriseam admin","date":"8 August 2019","format":false,"excerpt":"M&A WATCH- Veon MTO for Global Telecom closes: Global Telecom Holding\u2019s (GTH) sale of 1.99 bn shares in a mandatory offer (MTO) launched by majority shareholder Veon to acquire 42.3% of the company is now complete and the MTO has closed, according to an emailed statement (pdf) from Shalakany Law\u2026","rel":"","context":"In "Speed Round"","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":596630,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/07\/03\/gth-board-cancels-shareholders-meeting-over-the-planned-capital-increase\/","url_meta":{"origin":597423,"position":3},"title":"GTH board cancels shareholders meeting over the planned capital increase","author":"enterpriseam admin","date":"3 July 2019","format":false,"excerpt":"M&A WATCH- Global Telecom MTO progresses after tax dispute resolution: Global Telecom Holding (GTH) shareholders have offered to sell 37% of the 1.99 bn shares targeted in a mandatory tender offer launched by majority shareholder Veon to acquire 42.3% of GTH, according to Al Mal. The MTO kicked off yesterday,\u2026","rel":"","context":"In "Speed Round"","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":596130,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/08\/19\/gth-board-approves-veons-offer-to-acquire-usd-2-3-bn-assets\/","url_meta":{"origin":597423,"position":4},"title":"GTH board approves Veon\u2019s offer to acquire USD 2.3 bn assets","author":"enterpriseam admin","date":"19 August 2019","format":false,"excerpt":"GTH board approves Veon\u2019s offer to acquire USD 2.3 bn assets: Global Telecom Holding\u2019s (GTH) board of directors has approved Veon\u2019s offer to acquire all of GTH\u2019s operating assets for USD 2.3 bn, GTH said in a bourse filing (pdf). Veon will acquire the company\u2019s stakes in Jazz, Bangalink, Djezzy\u2026","rel":"","context":"In "Speed Round"","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":598825,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/06\/10\/veon-agrees-to-pay-egp-2-2-bn-to-settle-gths-tax-dispute\/","url_meta":{"origin":597423,"position":5},"title":"Veon agrees to pay EGP 2.2 bn to settle GTH\u2019s tax dispute","author":"enterpriseam admin","date":"10 June 2019","format":false,"excerpt":"EXCLUSIVE- Veon looks set to pay up to EGP 2.2 bn to settle Global Telecom Holding\u2019s tax dispute in Egypt: Telecom group Veon has agreed in principle to pay as much as EGP 2.2 bn to end a tax dispute between Egypt\u2019s Tax Authority and Veon subsidiary Global Telecom Holding\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2019\/2\/1049.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\/597423","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=597423"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/597423\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/597394"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=597423"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=597423"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=597423"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=597423"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=597423"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}