{"id":603452,"date":"2019-04-23T03:59:36","date_gmt":"2019-04-23T03:59:36","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/04\/23\/egypts-pioneers-holding-raises-stake-in-electro-cable-co-to-68-14\/"},"modified":"2019-04-23T03:59:36","modified_gmt":"2019-04-23T03:59:36","slug":"egypts-pioneers-holding-raises-stake-in-electro-cable-co-to-68-14","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/04\/23\/egypts-pioneers-holding-raises-stake-in-electro-cable-co-to-68-14\/","title":{"rendered":"Egypt\u2019s Pioneers Holding raises stake in Electro Cable Co. to 68.14%"},"content":{"rendered":"

M&A WATCH- Pioneers Holding raises stake in Electric Cable Co. to 68.14% after acquisition goes through:<\/b> Pioneers Holding has, through three of its subsidiaries, raised its effective stake in Electric Cable Egypt to 68.14%, up from 48.5%, via a mandatory tender offer, Pioneers said in a regulatory filing (pdf)<\/a>. Three of Pioneers Holding\u2019s subsidiaries, Summu Investment, Wadi Investment (which is 99.98% owned by Pioneers), and Flourish Investment, had submitted the MTO<\/a> for 41.46% of Electric Cable.<\/p>\n","protected":false},"excerpt":{"rendered":"

M&A WATCH- Pioneers Holding raises stake in Electric Cable Co. to 68.14% after acquisition goes through: Pioneers Holding has, through three of its subsidiaries, raised its effective stake in Electric Cable Egypt to 68.14%, up from 48.5%, via a mandatory tender offer, Pioneers said in a regulatory filing (pdf). Three of Pioneers Holding\u2019s subsidiaries, 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":[11463,72,7128,3307,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-603452","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-electro-cable-co","tag-enterpriseam","tag-ma-watch","tag-pioneers-holding","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"28cc2536-f43c-4f3d-950d-0edbab7ccabc","is_powered_by":true,"section_story_id":"7e66f5c5-3a91-4945-bca1-7e4238a3d0f4","story_type":"1","photo_url":"","photo_position":"above","related_issue":[603445],"teaser":"","voice_url":""},"yoast_head":"\nEgypt\u2019s Pioneers Holding raises stake in Electro Cable Co. to 68.14% - 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\/04\/23\/egypts-pioneers-holding-raises-stake-in-electro-cable-co-to-68-14\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Egypt\u2019s Pioneers Holding raises stake in Electro Cable Co. to 68.14%\" \/>\n<meta property=\"og:description\" content=\"M&A WATCH- Pioneers Holding raises stake in Electric Cable Co. to 68.14% after acquisition goes through: Pioneers Holding has, through three of its subsidiaries, raised its effective stake in Electric Cable Egypt to 68.14%, up from 48.5%, via a mandatory tender offer, Pioneers said in a regulatory filing (pdf). Three of Pioneers Holding\u2019s subsidiaries, Summu […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2019\/04\/23\/egypts-pioneers-holding-raises-stake-in-electro-cable-co-to-68-14\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2019-04-23T03:59:36+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\/04\/23\/egypts-pioneers-holding-raises-stake-in-electro-cable-co-to-68-14\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/04\/23\/egypts-pioneers-holding-raises-stake-in-electro-cable-co-to-68-14\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Egypt\u2019s Pioneers Holding raises stake in Electro Cable Co. to 68.14%\",\"datePublished\":\"2019-04-23T03:59:36+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/04\/23\/egypts-pioneers-holding-raises-stake-in-electro-cable-co-to-68-14\/\"},\"wordCount\":84,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"Electro Cable Co.\",\"EnterpriseAM\",\"M&A Watch\",\"Pioneers Holding\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/04\/23\/egypts-pioneers-holding-raises-stake-in-electro-cable-co-to-68-14\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2019\/04\/23\/egypts-pioneers-holding-raises-stake-in-electro-cable-co-to-68-14\/\",\"name\":\"Egypt\u2019s Pioneers Holding raises stake in Electro Cable Co. to 68.14% - 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For Contracting\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":571405,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/05\/11\/fra-approves-pioneers-holdings-five-way-mto\/","url_meta":{"origin":603452,"position":3},"title":"FRA approves Pioneers Holdings\u2019 five-way MTO","author":"enterpriseam admin","date":"11 May 2020","format":false,"excerpt":"M&A WATCH- FRA approves Pioneers Holding\u2019s acquisition of five of its subsidiaries shares: The Financial Regulatory Authority has approved Pioneers Holding non-cash mandatory tender offers to increase its share to 90% in five of its EGX-listed subsidiary companies, according to an EGX disclosure. 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