{"id":597447,"date":"2019-07-28T04:05:15","date_gmt":"2019-07-28T04:05:15","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/07\/28\/sidpec-stake-sale-advisor-to-be-announced-in-days\/"},"modified":"2019-07-28T04:05:15","modified_gmt":"2019-07-28T04:05:15","slug":"sidpec-stake-sale-advisor-to-be-announced-in-days","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/07\/28\/sidpec-stake-sale-advisor-to-be-announced-in-days\/","title":{"rendered":"Sidpec stake sale advisor to be announced \u201cin days\u201d"},"content":{"rendered":"

IPO WATCH- Sidpec stake sale advisor to be named \u201cin days\u201d:<\/b> NI Capital will announce \u201cin days\u201d the winning bid out of six offers it received from investment banks to advise on the planned sale of an additional 23% stake in Sidi Kerir Petrochemicals (Sidpec) as part of the state privatization program, government sources told the press<\/a>. The state investment bank, which is in charge of getting the privatization program off the ground, invited the private sector to bid for the job earlier this month<\/a>. The bidders include EFG Hermes, CI Capital, and Beltone\u2019s investment banking arm. Law firm Sarie Eldin & Partners has been tapped as legal counsel<\/b> on the sale.<\/p>\n

Sources had previously said that Sidpec was planning to offer a 30% stake<\/b>, which appears to have been revised down. Share sales in the program are not expected to take place before September<\/a>, Public Enterprises Minister Hisham Tawfik told us previously.<\/p>\n","protected":false},"excerpt":{"rendered":"

IPO WATCH- Sidpec stake sale advisor to be named \u201cin days\u201d: NI Capital will announce \u201cin days\u201d the winning bid out of six offers it received from investment banks to advise on the planned sale of an additional 23% stake in Sidi Kerir Petrochemicals (Sidpec) as part of the state privatization program, government sources told […]<\/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":[72,963,2380,587],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-597447","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-law","tag-speed-round","tag-state-privatization-program","wpautop","entry"],"acf":{"mongo_id":"a50885da-f46c-43dc-b593-1a5a01ae9747","is_powered_by":true,"section_story_id":"6d37c2d4-677d-4d5c-98f5-1feb210af3d4","story_type":"1","photo_url":"","photo_position":"above","related_issue":[597440],"teaser":"","voice_url":""},"yoast_head":"\nSidpec stake sale advisor to be announced \u201cin days\u201d - 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\/28\/sidpec-stake-sale-advisor-to-be-announced-in-days\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Sidpec stake sale advisor to be announced \u201cin days\u201d\" \/>\n<meta property=\"og:description\" content=\"IPO WATCH- Sidpec stake sale advisor to be named \u201cin days\u201d: NI Capital will announce \u201cin days\u201d the winning bid out of six offers it received from investment banks to advise on the planned sale of an additional 23% stake in Sidi Kerir Petrochemicals (Sidpec) as part of the state privatization program, government sources told […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2019\/07\/28\/sidpec-stake-sale-advisor-to-be-announced-in-days\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2019-07-28T04:05:15+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\/28\/sidpec-stake-sale-advisor-to-be-announced-in-days\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/07\/28\/sidpec-stake-sale-advisor-to-be-announced-in-days\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Sidpec stake sale advisor to be announced \u201cin days\u201d\",\"datePublished\":\"2019-07-28T04:05:15+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/07\/28\/sidpec-stake-sale-advisor-to-be-announced-in-days\/\"},\"wordCount\":160,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"law\",\"SPEED ROUND\",\"state privatization program\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/07\/28\/sidpec-stake-sale-advisor-to-be-announced-in-days\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2019\/07\/28\/sidpec-stake-sale-advisor-to-be-announced-in-days\/\",\"name\":\"Sidpec stake sale advisor to be announced \u201cin days\u201d - 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The sources noted that banks that were\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":596915,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/07\/11\/no-stake-sales-in-state-companies-happening-before-september\/","url_meta":{"origin":597447,"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. 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