{"id":600800,"date":"2019-02-11T04:46:23","date_gmt":"2019-02-11T04:46:23","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/02\/11\/veon-moves-ahead-with-egx-listed-gth-take-private-bid\/"},"modified":"2019-02-11T04:46:23","modified_gmt":"2019-02-11T04:46:23","slug":"veon-moves-ahead-with-egx-listed-gth-take-private-bid","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/02\/11\/veon-moves-ahead-with-egx-listed-gth-take-private-bid\/","title":{"rendered":"Veon moves ahead with EGX-listed GTH take-private bid"},"content":{"rendered":"

<\/a> M&A WATCH- Veon files for approval of EGP 11 bn GTH takeover bid: <\/b>Veon Holdings, the majority shareholder in EGX-listed Global Telecom Holding (GTH), has filed for regulatory approval to make a tender offer for the 42.3% of the company that it does not already own, the Financial Regulatory Authority said in a notice to the EGX (pdf)<\/a>. The bid, at EGP 5.30 a share, is still under review by the FRA, the statement said. If completed, it would be worth c. EGP 10.6 bn. Veon disclosed to the EGX last week<\/a> its intends to make an offer for 100% of GTH, saying it intended to submit an offer to the FRA within 60 days. Amsterdam-based company Veon first announced the take-private bid last month<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

M&A WATCH- Veon files for approval of EGP 11 bn GTH takeover bid: Veon Holdings, the majority shareholder in EGX-listed Global Telecom Holding (GTH), has filed for regulatory approval to make a tender offer for the 42.3% of the company that it does not already own, the Financial Regulatory Authority said in a notice 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":[8572],"tags":[214,72,9102,7128,343,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-600800","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-cit","tag-enterpriseam","tag-global-telecom-holding","tag-ma-watch","tag-regulation","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"2aed0237-6288-4b5c-a4be-de70835292ec","is_powered_by":true,"section_story_id":"d3821db8-ca36-4f15-a166-1adfe3dd0d78","story_type":"1","photo_url":"","photo_position":"above","related_issue":[600788],"teaser":"","voice_url":""},"yoast_head":"\nVeon moves ahead with EGX-listed GTH take-private bid - 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\/02\/11\/veon-moves-ahead-with-egx-listed-gth-take-private-bid\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Veon moves ahead with EGX-listed GTH take-private bid\" \/>\n<meta property=\"og:description\" content=\"M&A WATCH- Veon files for approval of EGP 11 bn GTH takeover bid: Veon Holdings, the majority shareholder in EGX-listed Global Telecom Holding (GTH), has filed for regulatory approval to make a tender offer for the 42.3% of the company that it does not already own, the Financial Regulatory Authority said in a notice to […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2019\/02\/11\/veon-moves-ahead-with-egx-listed-gth-take-private-bid\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2019-02-11T04:46:23+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\/02\/11\/veon-moves-ahead-with-egx-listed-gth-take-private-bid\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/02\/11\/veon-moves-ahead-with-egx-listed-gth-take-private-bid\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Veon moves ahead with EGX-listed GTH take-private bid\",\"datePublished\":\"2019-02-11T04:46:23+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/02\/11\/veon-moves-ahead-with-egx-listed-gth-take-private-bid\/\"},\"wordCount\":128,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"CIT\",\"EnterpriseAM\",\"Global Telecom Holding\",\"M&A Watch\",\"regulation\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/02\/11\/veon-moves-ahead-with-egx-listed-gth-take-private-bid\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2019\/02\/11\/veon-moves-ahead-with-egx-listed-gth-take-private-bid\/\",\"name\":\"Veon moves ahead with EGX-listed GTH take-private bid - 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GTH\u2019s board has postponed a general assembly originally called to discuss an EGP 11.2 bn rights issue to take time\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\/1\/890.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":629909,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/04\/04\/veon-withdraws-mandatory-offer-to-purchase-remaining-stake-of-global-telecom\/","url_meta":{"origin":600800,"position":1},"title":"Veon withdraws mandatory offer to purchase remaining stake of Global Telecom","author":"enterpriseam admin","date":"4 April 2018","format":false,"excerpt":"M&A WATCH- Veon withdraws EGP 15 bn bid for Global Telecom: Amsterdam-based Veon Holdings withdrew a mandatory offer to purchase the 42.3% of Global Telecom Holding (GTH) that it doesn\u2019t already own, according to regulatory filing from GTH (pdf). Veon, which owns 57.7% of GTH, said it withdrew the offer\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":600331,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/01\/27\/gth-postpones-to-27-march-ga-meeting-to-vote-on-egp-11-2-bn-capital-increase\/","url_meta":{"origin":600800,"position":2},"title":"GTH postpones to 27 March GA meeting to vote on EGP 11.2 bn capital increase","author":"enterpriseam admin","date":"27 January 2019","format":false,"excerpt":"EGX-listed Global Telecom Holding (GTH) has postponed to 27 March its general assembly meeting to vote for a capital increase of EGP 11.2 bn through a rights issue on the bourse, IR department head Noha Agaiby said, according to Al Mal. The company\u2019s majority shareholder, Veon Holdings, is still pushing\u2026","rel":"","context":"In "Other Business News of Note"","block_context":{"text":"Other Business News of Note","link":"https:\/\/enterpriseam.com\/egypt\/category\/other-business-news-of-note\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":600675,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/02\/06\/veon-looks-to-buy-out-global-telecom\/","url_meta":{"origin":600800,"position":3},"title":"Veon looks to buy out Global Telecom","author":"enterpriseam admin","date":"6 February 2019","format":false,"excerpt":"M&A WATCH- Veon looks take Global Telecom private at EGP 5.30 per share: Global Telecom Holding\u2019s (GTH) majority shareholder Veon has unveiled plans to buy out the remaining 42.3% of the company for EGP 5.30 per share, the company said in an EGX disclosure (pdf). 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The appeal was submitted to the authority by Veon Luxembourg Finance Holdings and Veon\u2026","rel":"","context":"In "Other Business News of Note"","block_context":{"text":"Other Business News of Note","link":"https:\/\/enterpriseam.com\/egypt\/category\/other-business-news-of-note\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":637169,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/11\/09\/veon-submits-mto-for-gth-at-egp-7-90-per-share\/","url_meta":{"origin":600800,"position":5},"title":"Veon submits MTO for GTH at EGP 7.90 per share","author":"enterpriseam admin","date":"9 November 2017","format":false,"excerpt":"M&A WATCH- Veon Holdings is seeking approval from the Financial Regulatory Authority (FRA, formerly EFSA) for a mandatory tender offer to buy 1.998 bn shares of Global Telecom Holding (GTH) at EGP 7.90 per share, according to Reuters. FRA says it is studying the offer. 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