{"id":599808,"date":"2019-01-10T04:43:51","date_gmt":"2019-01-10T04:43:51","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/01\/10\/odh-enters-agreement-with-chairman-samih-sawiris-for-stake-purchase-in-asa\/"},"modified":"2019-01-10T04:43:51","modified_gmt":"2019-01-10T04:43:51","slug":"odh-enters-agreement-with-chairman-samih-sawiris-for-stake-purchase-in-asa","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/01\/10\/odh-enters-agreement-with-chairman-samih-sawiris-for-stake-purchase-in-asa\/","title":{"rendered":"ODH enters agreement with Chairman Samih Sawiris for stake purchase in ASA"},"content":{"rendered":"

Orascom Development Holding (ODH) has entered an agreement to purchase an additional 1% and one share of Andermatt Swiss Alps (ASA) from ODH Chairman Samih Sawiris at a total price of CHF 3.2 mn, according to a company press release<\/a><\/u>. The transaction, which is conditional on Sawiris forgiving CHF 150 mn in debt owed to him by ASA, would make ODH the majority shareholder in ASA by a margin of one share.<\/p>\n","protected":false},"excerpt":{"rendered":"

Orascom Development Holding (ODH) has entered an agreement to purchase an additional 1% and one share of Andermatt Swiss Alps (ASA) from ODH Chairman Samih Sawiris at a total price of CHF 3.2 mn, according to a company press release. The transaction, which is conditional on Sawiris forgiving CHF 150 mn in debt owed to […]<\/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":[9315],"tags":[72,256,2390,1844],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-599808","post","type-post","status-publish","format-standard","hentry","category-other-business-news-of-note","tag-enterpriseam","tag-orascom-development-egypt","tag-other-business-news-of-note","tag-samih-sawiris","wpautop","entry"],"acf":{"mongo_id":"d752dd79-f1a5-4bf6-b8a4-d96dcbc74a43","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[599776],"teaser":"","voice_url":""},"yoast_head":"\nODH enters agreement with Chairman Samih Sawiris for stake purchase in ASA - 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\/10\/odh-enters-agreement-with-chairman-samih-sawiris-for-stake-purchase-in-asa\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"ODH enters agreement with Chairman Samih Sawiris for stake purchase in ASA\" \/>\n<meta property=\"og:description\" content=\"Orascom Development Holding (ODH) has entered an agreement to purchase an additional 1% and one share of Andermatt Swiss Alps (ASA) from ODH Chairman Samih Sawiris at a total price of CHF 3.2 mn, according to a company press release. 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