{"id":599528,"date":"2019-01-02T04:14:27","date_gmt":"2019-01-02T04:14:27","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/01\/02\/khalil-bids-to-take-raya-private-following-egypts-fra-decision\/"},"modified":"2019-01-02T04:14:27","modified_gmt":"2019-01-02T04:14:27","slug":"khalil-bids-to-take-raya-private-following-egypts-fra-decision","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/01\/02\/khalil-bids-to-take-raya-private-following-egypts-fra-decision\/","title":{"rendered":"Khalil bids to take Raya private following Egypt\u2019s FRA decision"},"content":{"rendered":"<p><b>M&A WATCH- Khalil launches bid to take Raya private: <\/b>Raya Holding founder Medhat Khalil has submitted a mandatory tender offer for 36.7% of Raya, the Financial Regulatory Authority said in <a href=\"http:\/\/www.egx.com.eg\/downloads\/Bulletins\/224967_1.pdf\">a statement to the EGX (pdf)<\/a>. Khalil is bidding for c. 46.3 mn shares at EGP 9.4 a share, bringing the transaction value to EGP 435.2 mn. The authority is currently reviewing the MTO, which it had ordered Khalil to execute <a href=\"https:\/\/enterprise.press\/stories\/2018\/10\/31\/medhat-khalil-co-looking-to-submit-mto-for-raya\/\">in October<\/a>, and will make a decision within 15 working days. Khalil <a href=\"https:\/\/enterprise.press\/stories\/2018\/12\/24\/raya-founder-mulling-two-proposals-from-egyptian-intl-banks-to-finance-mto\/\">was said<\/a> to have been in talks with two separate banks for EGP 700-800 mn to finance the bid, which he valued at the time close to EGP 500 mn.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>M&#038;A WATCH- Khalil launches bid to take Raya private: Raya Holding founder Medhat Khalil has submitted a mandatory tender offer for 36.7% of Raya, the Financial Regulatory Authority said in a statement to the EGX (pdf). Khalil is bidding for c. 46.3 mn shares at EGP 9.4 a share, bringing the transaction value to EGP [&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":[72,183,900,125,7128,131,2053,614,343,2380,207],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-599528","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-fintech","tag-food-and-beverage","tag-investment-watch","tag-ma-watch","tag-manufacturing","tag-outsourcing","tag-raya-holding","tag-regulation","tag-speed-round","tag-transport","wpautop","entry"],"acf":{"mongo_id":"3b982561-e1a4-43ca-98e3-27f70781fa42","is_powered_by":true,"section_story_id":"4a08aec4-b384-4035-93ff-e543712bb731","story_type":"1","photo_url":"","photo_position":"above","related_issue":[599513],"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>Khalil bids to take Raya private following Egypt\u2019s FRA decision - 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\/01\/02\/khalil-bids-to-take-raya-private-following-egypts-fra-decision\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Khalil bids to take Raya private following Egypt\u2019s FRA decision\" \/>\n<meta property=\"og:description\" content=\"M&amp;A WATCH- Khalil launches bid to take Raya private: Raya Holding founder Medhat Khalil has submitted a mandatory tender offer for 36.7% of Raya, the Financial Regulatory Authority said in a statement to the EGX (pdf). 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The bank is one of four financiers Khalil had approached since the Financial Regulatory Authority ordered him last\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":622168,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/11\/28\/medhat-khalil-appeals-conditions-for-raya-mto\/","url_meta":{"origin":599528,"position":3},"title":"Medhat Khalil appeals conditions for Raya MTO","author":"enterpriseam admin","date":"28 November 2018","format":false,"excerpt":"M&A WATCH- Medhat Khalil appeals terms of FRA-mandated takeover bid for Raya: Raya Holding for Financial Investments founder Medhat Khalil has appealed the conditions laid out by the Financial Regulatory Authority (FRA) for a mandatory tender offer (MTO) for 100% of his company by 27 November, Al Mal reported. In\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":602927,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/04\/10\/medhat-khalil-acquires-26-7-of-raya-holding-shares-in-mto\/","url_meta":{"origin":599528,"position":4},"title":"Medhat Khalil acquires 26.7% of Raya Holding shares in MTO","author":"enterpriseam admin","date":"10 April 2019","format":false,"excerpt":"M&A WATCH- Medhat Khalil acquires 26.7% of Raya Holding shares in MTO: Raya Holding Chairman Medhat Khalil bought 26.7% (56.919 mn shares) of Raya Holding through his El Pharonia Real Estate Investment at a cost of EGP 314.76 mn in a mandatory tender offer (MTO) that ended on Sunday, 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":605184,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/12\/24\/raya-founder-mulling-two-proposals-from-egyptian-intl-banks-to-finance-mto\/","url_meta":{"origin":599528,"position":5},"title":"Raya founder mulling two proposals from Egyptian, int\u2019l banks to finance MTO","author":"enterpriseam admin","date":"24 December 2018","format":false,"excerpt":"M&A Watch- Raya founder mulling two proposals to finance MTO: Raya Holding founder Medhat Khalil is considering two separate proposals from a local and international bank for an EGP 700-800 mn financing package to fund his take-Raya-private bid, Raya CFO Hossam Hussein said, according to Al Mal. 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