{"id":600858,"date":"2019-02-12T03:42:48","date_gmt":"2019-02-12T03:42:48","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/02\/12\/pioneers-holding-submits-mto-for-41-46-of-electro-cable-egypt\/"},"modified":"2019-02-12T03:42:48","modified_gmt":"2019-02-12T03:42:48","slug":"pioneers-holding-submits-mto-for-41-46-of-electro-cable-egypt","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/02\/12\/pioneers-holding-submits-mto-for-41-46-of-electro-cable-egypt\/","title":{"rendered":"Pioneers Holding submits MTO for 41.46% of Electro Cable Egypt"},"content":{"rendered":"

M&A WATCH- Pioneers Holding subsidiaries submit MTO for 41.46% of Electro Cable Egypt:<\/b> Three of Pioneers Holding\u2019s subsidiaries have submitted a mandatory tender offer for 41.46% of Electro Cable Egypt<\/a>, or 294.9 mn shares at par value of EGP 1.35, according to Al Mal<\/a>. Pioneers already owns 48.5% of Electro Cable through its subsidiary Summu Consulting and would raise its stake in the company to 90% if the transaction goes through.<\/p>\n","protected":false},"excerpt":{"rendered":"

M&A WATCH- Pioneers Holding subsidiaries submit MTO for 41.46% of Electro Cable Egypt: Three of Pioneers Holding\u2019s subsidiaries have submitted a mandatory tender offer for 41.46% of Electro Cable Egypt, or 294.9 mn shares at par value of EGP 1.35, according to Al Mal. Pioneers already owns 48.5% of Electro Cable through its subsidiary Summu […]<\/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":[10342,72,7128,3307,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-600858","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-electro-cable-egypt","tag-enterpriseam","tag-ma-watch","tag-pioneers-holding","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"d71e6a3c-0066-405e-8ef5-94f02975bccb","is_powered_by":true,"section_story_id":"bfe9a0b2-15c8-4422-a72b-c64c48f86b50","story_type":"1","photo_url":"","photo_position":"above","related_issue":[600837],"teaser":"","voice_url":""},"yoast_head":"\nPioneers Holding submits MTO for 41.46% of Electro Cable Egypt - 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\/12\/pioneers-holding-submits-mto-for-41-46-of-electro-cable-egypt\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Pioneers Holding submits MTO for 41.46% of Electro Cable Egypt\" \/>\n<meta property=\"og:description\" content=\"M&A WATCH- Pioneers Holding subsidiaries submit MTO for 41.46% of Electro Cable Egypt: Three of Pioneers Holding\u2019s subsidiaries have submitted a mandatory tender offer for 41.46% of Electro Cable Egypt, or 294.9 mn shares at par value of EGP 1.35, according to Al Mal. Pioneers already owns 48.5% of Electro Cable through its subsidiary Summu […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2019\/02\/12\/pioneers-holding-submits-mto-for-41-46-of-electro-cable-egypt\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2019-02-12T03:42:48+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<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/02\/12\/pioneers-holding-submits-mto-for-41-46-of-electro-cable-egypt\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/02\/12\/pioneers-holding-submits-mto-for-41-46-of-electro-cable-egypt\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Pioneers Holding submits MTO for 41.46% of Electro Cable Egypt\",\"datePublished\":\"2019-02-12T03:42:48+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/02\/12\/pioneers-holding-submits-mto-for-41-46-of-electro-cable-egypt\/\"},\"wordCount\":76,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"Electro Cable Egypt\",\"EnterpriseAM\",\"M&A Watch\",\"Pioneers Holding\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/02\/12\/pioneers-holding-submits-mto-for-41-46-of-electro-cable-egypt\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2019\/02\/12\/pioneers-holding-submits-mto-for-41-46-of-electro-cable-egypt\/\",\"name\":\"Pioneers Holding submits MTO for 41.46% of Electro Cable Egypt - 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Three\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":567249,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/01\/16\/pioneers-holding-to-invest-egp-3-bn-through-its-subsidiaries-in-2020\/","url_meta":{"origin":600858,"position":2},"title":"Pioneers Holding to invest EGP 3 bn through its subsidiaries in 2020","author":"enterpriseam admin","date":"16 January 2020","format":false,"excerpt":"INVESTMENT WATCH- Pioneers Holding plans to invest EGP 3 bn through its subsidiaries by the end of this year, according to the local press. It remains unclear what these investments will be used for. 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The five companies include two real estate\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":621848,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/11\/19\/egypts-pioneers-holding-to-acquire-100-of-electro-cable\/","url_meta":{"origin":600858,"position":4},"title":"Egypt\u2019s Pioneers Holding to acquire 100% of Electro Cable","author":"enterpriseam admin","date":"19 November 2018","format":false,"excerpt":"M&A WATCH- Pioneers Holding to seek 100% of Electro Cable Egypt: Pioneers Holding is looking to acquire 100% of Electro Cable Egypt, valued at\u00a0EGP 711.5 mn,\u00a0according to an EGX disclosure (pdf). Pioneers, which already owns 48.5% of Electro Cable through its subsidiary Summu Consulting, plans to go ahead with a\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":621962,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/11\/22\/correction-6\/","url_meta":{"origin":600858,"position":5},"title":"Correction","author":"enterpriseam admin","date":"22 November 2018","format":false,"excerpt":"CORRECTION- We had incorrectly said in our Monday issue that Pioneers Holding was looking to acquire 100% of Electro Cable Egypt in a transaction valued at as much as EGP 711.5 mn; that figure actually represents the value of 100%, and Pioneers Holding already owns 48.5% of the company. 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