{"id":601043,"date":"2019-02-18T04:10:11","date_gmt":"2019-02-18T04:10:11","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/02\/18\/us-institution-makes-offer-for-united-bank\/"},"modified":"2019-02-18T04:10:11","modified_gmt":"2019-02-18T04:10:11","slug":"us-institution-makes-offer-for-united-bank","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/02\/18\/us-institution-makes-offer-for-united-bank\/","title":{"rendered":"US institution makes offer for United Bank"},"content":{"rendered":"<p><a class=\"content-anchor\" id=\"tldr-story-03\"><\/a> <b>M&A WATCH- US institution reportedly makes offer for United Bank:<\/b> A US institution has made an offer to acquire <a href=\"https:\/\/www.theubeg.com\">the United Bank<\/a> and is currently doing due diligence on the transaction, according to a report in Amwal Al Ghad that cites remarks attributed to Central Bank Governor Tarek Amer. The Central Bank, which owns about 99.9% of the bank\u2019s shares after creating it through the merger of a number of smaller institutions, <a href=\"https:\/\/enterprise.press\/stories\/2017\/01\/18\/cbe-approves-egp-2-5-bn-capital-increase-for-united-bank-of-egypt\/\">announced in 2017 its intention<\/a> to sell to a strategic investor.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>M&#038;A WATCH- US institution reportedly makes offer for United Bank: A US institution has made an offer to acquire the United Bank and is currently doing due diligence on the transaction, according to a report in Amwal Al Ghad that cites remarks attributed to Central Bank Governor Tarek Amer. The Central Bank, which owns about [&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":[72,7128,2380,7193],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-601043","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-ma-watch","tag-speed-round","tag-united-bank","wpautop","entry"],"acf":{"mongo_id":"cd5d48f8-d9dd-4d06-ac21-34be977144ef","is_powered_by":true,"section_story_id":"99a32410-7f8c-44b8-b27d-6e3f9978eb05","story_type":"1","photo_url":"","photo_position":"above","related_issue":[601036],"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>US institution makes offer for United Bank - 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\/18\/us-institution-makes-offer-for-united-bank\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"US institution makes offer for United Bank\" \/>\n<meta property=\"og:description\" content=\"M&amp;A WATCH- US institution reportedly makes offer for United Bank: A US institution has made an offer to acquire the United Bank and is currently doing due diligence on the transaction, according to a report in Amwal Al Ghad that cites remarks attributed to Central Bank Governor Tarek Amer. The Central Bank, which owns about [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2019\/02\/18\/us-institution-makes-offer-for-united-bank\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2019-02-18T04:10:11+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\/18\/us-institution-makes-offer-for-united-bank\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/02\/18\/us-institution-makes-offer-for-united-bank\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"US institution makes offer for United Bank\",\"datePublished\":\"2019-02-18T04:10:11+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/02\/18\/us-institution-makes-offer-for-united-bank\/\"},\"wordCount\":90,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"M&amp;A Watch\",\"SPEED ROUND\",\"United Bank\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/02\/18\/us-institution-makes-offer-for-united-bank\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2019\/02\/18\/us-institution-makes-offer-for-united-bank\/\",\"name\":\"US institution makes offer for United Bank - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"datePublished\":\"2019-02-18T04:10:11+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/02\/18\/us-institution-makes-offer-for-united-bank\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2019\/02\/18\/us-institution-makes-offer-for-united-bank\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/02\/18\/us-institution-makes-offer-for-united-bank\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"US institution makes offer for United Bank\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"name\":\"EnterpriseAM\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\",\"name\":\"EnterpriseAM\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/240894.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/240894.svg\",\"caption\":\"EnterpriseAM\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\",\"name\":\"enterpriseam admin\",\"sameAs\":[\"http:\/\/enterpriseam.testing.projectsarea.com\"],\"url\":\"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"US institution makes offer for United Bank - EnterpriseAM Egypt","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/egypt\/2019\/02\/18\/us-institution-makes-offer-for-united-bank\/","og_locale":"en_US","og_type":"article","og_title":"US institution makes offer for United Bank","og_description":"M&A WATCH- US institution reportedly makes offer for United Bank: A US institution has made an offer to acquire the United Bank and is currently doing due diligence on the transaction, according to a report in Amwal Al Ghad that cites remarks attributed to Central Bank Governor Tarek Amer. 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Amer did not disclose any further details of the transaction. The governor said in February that a US financial institution had\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":596627,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/07\/03\/top-investment-banks-competing-to-manage-united-bank-sale\/","url_meta":{"origin":601043,"position":1},"title":"Top investment banks competing to manage United Bank sale","author":"enterpriseam admin","date":"3 July 2019","format":false,"excerpt":"M&A WATCH- EFG, Pharos, CI, HC among investment banks facing off to advise on United Bank sale: EFG Hermes, CI Capital, Pharos and HC Securities are among investment banks bidding to become the sell-side adviser on the sale of United Bank, CBE Governor Tarek Amer told Bloomberg on Tuesday. 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\/2020\/3\/345.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":593330,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/11\/25\/efg-hermes-evercore-tapped-to-lead-central-bank-of-egypts-united-bank-sale\/","url_meta":{"origin":601043,"position":2},"title":"EFG Hermes, Evercore tapped to lead Central Bank of Egypt\u2019s United Bank sale","author":"enterpriseam admin","date":"25 November 2019","format":false,"excerpt":"M&A WATCH- EFG Hermes, Evercore tapped to lead United Bank sale: The Central Bank of Egypt (CBE) has appointed EFG Hermes and New York-based Evercore to act as advisors on the expected sale of state-owned United Bank, according to a statement (pdf). 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