{"id":600304,"date":"2019-01-27T04:21:50","date_gmt":"2019-01-27T04:21:50","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/01\/27\/pyramids-poultry-considers-ipo\/"},"modified":"2019-01-27T04:21:50","modified_gmt":"2019-01-27T04:21:50","slug":"pyramids-poultry-considers-ipo","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/01\/27\/pyramids-poultry-considers-ipo\/","title":{"rendered":"Pyramids Poultry considers IPO"},"content":{"rendered":"

IPO WATCH- Is Pyramid Poultry playing hard to get?<\/b> Pyramid Poultry is reportedly considering an IPO despite an active acquisition offer from agricultural commodity trader and manufacturer Cairo 3A, Pyramid Poultry head Anwar El Abd told local news sources<\/a>. The acquisition by Cairo 3A is one of three options the company is considering, he said. An IPO is also under consideration, in addition to only selling a minority stake in the company. He appeared to imply that the acquisition by Cairo 3A was its first option \u201cif the price is right.\u201d We had noted earlier this month<\/a> that negotiations with Cairo 3A are in an advanced stage and an agreement might be reached in 1Q2019.<\/p>\n

Advisors:<\/b> CI Capital and Al Tamimi & Company are advising Pyramid Poultry while Matouk Bassiouny is advising Cairo 3A.<\/p>\n","protected":false},"excerpt":{"rendered":"

IPO WATCH- Is Pyramid Poultry playing hard to get? Pyramid Poultry is reportedly considering an IPO despite an active acquisition offer from agricultural commodity trader and manufacturer Cairo 3A, Pyramid Poultry head Anwar El Abd told local news sources. The acquisition by Cairo 3A is one of three options the company is considering, he said. […]<\/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":[4496,72,78,7128,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-600304","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-cairo-3a","tag-enterpriseam","tag-ipo-watch","tag-ma-watch","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"862ed6a3-7ac0-4e39-8531-60383c0b7cc3","is_powered_by":true,"section_story_id":"6a03f35b-57fb-46bb-bee1-f870adca389a","story_type":"1","photo_url":"","photo_position":"above","related_issue":[600290],"teaser":"","voice_url":""},"yoast_head":"\nPyramids Poultry considers IPO - 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\/27\/pyramids-poultry-considers-ipo\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Pyramids Poultry considers IPO\" \/>\n<meta property=\"og:description\" content=\"IPO WATCH- Is Pyramid Poultry playing hard to get? Pyramid Poultry is reportedly considering an IPO despite an active acquisition offer from agricultural commodity trader and manufacturer Cairo 3A, Pyramid Poultry head Anwar El Abd told local news sources. The acquisition by Cairo 3A is one of three options the company is considering, he said. 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The negotiations are in an advanced stage and a deal might be reached 1Q2019.Advisors: CI Capital\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":600944,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/02\/14\/cairo-3a-to-debut-on-egx-no-later-than-2020\/","url_meta":{"origin":600304,"position":1},"title":"Cairo 3A to debut on EGX no later than 2020","author":"enterpriseam admin","date":"14 February 2019","format":false,"excerpt":"IPO WATCH- Food manufacturer and distributor Cairo 3A is planning to make its EGX debut by no later than 2020, Al Mal reports, citing sources close to the company. Proceeds from the IPO will be earmarked to finance acquisitions, which include Pyramid Poultry, as well as production capacity expansions. We\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":593661,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/10\/07\/cairo-3a-to-acquire-majority-stake-in-pyramid-poultry-in-coming-month-sources\/","url_meta":{"origin":600304,"position":2},"title":"Cairo 3A to acquire majority stake in Pyramid Poultry in coming month -sources","author":"enterpriseam admin","date":"7 October 2019","format":false,"excerpt":"M&A WATCH- Cairo 3A Poultry is close to buying a majority stake in Pyramid Poultry for EGP 500 mn, sources close to the matter told the local press. Negotiations have reportedly reached the final stages, and the acquisition is expected to be completed within a month. Cairo 3A plans 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\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":567246,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/01\/16\/cairo-3a-acquires-50-stake-in-pyramid-poultry\/","url_meta":{"origin":600304,"position":3},"title":"Cairo 3A acquires 50% stake in Pyramid Poultry","author":"enterpriseam admin","date":"16 January 2020","format":false,"excerpt":"M&A WATCH- Cairo 3A acquires 50% of Pyramid Poultry: Cairo 3A has acquired a 50% stake in Pyramid Poultry for EGP 340.2 mn, according to the local press. Pyramid Poultry\u2019s financial advisor CI Capital valued the company at EGP 680.4 mn, with each of its 12 mn shares valued at\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":568559,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/11\/15\/cairo-3a-to-invest-egp-7-bn-in-bahariya-poultry-farm-till-2023\/","url_meta":{"origin":600304,"position":4},"title":"Cairo 3A to invest EGP 7 bn in Bahariya poultry farm till 2023","author":"enterpriseam admin","date":"15 November 2020","format":false,"excerpt":"INVESTMENT WATCH - Agriculture trader Cairo 3A plans to invest EGP 7 bn in its poultry farm project off of the Bahariya Oasis road over the next three years, company chairman Mona Mehrez told the local press. 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