{"id":603455,"date":"2019-04-23T03:59:36","date_gmt":"2019-04-23T03:59:36","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/04\/23\/oih-looks-to-extend-deadline-to-acquire-egypts-nile-sugar-to-update-valuation-report\/"},"modified":"2019-04-23T03:59:36","modified_gmt":"2019-04-23T03:59:36","slug":"oih-looks-to-extend-deadline-to-acquire-egypts-nile-sugar-to-update-valuation-report","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/04\/23\/oih-looks-to-extend-deadline-to-acquire-egypts-nile-sugar-to-update-valuation-report\/","title":{"rendered":"OIH looks to extend deadline to acquire Egypt\u2019s Nile Sugar to update valuation report"},"content":{"rendered":"<p><b>Orascom Investment Holding wants more time in which to close its acquisition of Nile Sugar<\/b> as it seeks time to update its valuation report for the transaction based on Nile Sugar\u2019s most recent financial results, <a href=\"http:\/\/www.egx.com.eg\/downloads\/News\/22-04-2019%20%D8%A7%D9%88%D8%B1%D8%A7%D8%B3%D9%83%D9%88%D9%85%20%D9%85%D8%AC%D9%84%D8%B3%20%D8%A7%D9%86%D8%AC%D9%84%D9%8A%D8%B2%D9%89.pdf\">OIH said in a bourse filing<\/a>. The company\u2019s shareholders <a href=\"http:\/\/www.egx.com.eg\/downloads\/News\/22-04-2019%20%D8%A7%D9%88%D8%B1%D8%A7%D8%B3%D9%83%D9%88%D9%85%20%D8%AF%D8%B9%D9%88%D8%A9%20%D8%A7%D9%86%D8%AC%D9%84%D9%8A%D8%B2%D9%89.pdf\">won\u2019t vote<\/a> on the transaction in the upcoming meeting. OIH\u2019s board of directors <a href=\"https:\/\/enterprise.press\/stories\/2019\/04\/07\/oihs-board-agrees-to-fair-value-for-nile-sugar-acquisition\/\">approved earlier this month<\/a> the fair value assessment for the bid conducted by <a href=\"https:\/\/enterprise.press\/stories\/2018\/09\/30\/oih-hires-bdo-to-conduct-fv-report-on-nile-sugar\/\">BDO Corporate Finance<\/a>. The acquisition had originally been on track to close by the end of 2018, but carried over into this year. The bid<a href=\"https:\/\/enterprise.press\/stories\/2019\/04\/11\/oih-bid-for-nile-sugar-draws-controversy-company-defends-its-stance\/\">was criticized for its \u201cinflated valuation\u201d<\/a> of Nile Sugar.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Orascom Investment Holding wants more time in which to close its acquisition of Nile Sugar as it seeks time to update its valuation report for the transaction based on Nile Sugar\u2019s most recent financial results, OIH said in a bourse filing. The company\u2019s shareholders won\u2019t vote on the transaction in the upcoming meeting. OIH\u2019s board [&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":[72,7128,11159,618,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-603455","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-ma-watch","tag-nile-sugar","tag-orascom-investment-holding","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"295a30b3-e866-4333-9c19-b9961a281ab2","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":"<!-- 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>OIH looks to extend deadline to acquire Egypt\u2019s Nile Sugar to update valuation report - 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\/oih-looks-to-extend-deadline-to-acquire-egypts-nile-sugar-to-update-valuation-report\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"OIH looks to extend deadline to acquire Egypt\u2019s Nile Sugar to update valuation report\" \/>\n<meta property=\"og:description\" content=\"Orascom Investment Holding wants more time in which to close its acquisition of Nile Sugar as it seeks time to update its valuation report for the transaction based on Nile Sugar\u2019s most recent financial results, OIH said in a bourse filing. The company\u2019s shareholders won\u2019t vote on the transaction in the upcoming meeting. OIH\u2019s board [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2019\/04\/23\/oih-looks-to-extend-deadline-to-acquire-egypts-nile-sugar-to-update-valuation-report\/\" \/>\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\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\/04\/23\/oih-looks-to-extend-deadline-to-acquire-egypts-nile-sugar-to-update-valuation-report\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/04\/23\/oih-looks-to-extend-deadline-to-acquire-egypts-nile-sugar-to-update-valuation-report\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"OIH looks to extend deadline to acquire Egypt\u2019s Nile Sugar to update valuation report\",\"datePublished\":\"2019-04-23T03:59:36+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/04\/23\/oih-looks-to-extend-deadline-to-acquire-egypts-nile-sugar-to-update-valuation-report\/\"},\"wordCount\":121,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"M&amp;A Watch\",\"nile sugar\",\"Orascom Investment Holding\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/04\/23\/oih-looks-to-extend-deadline-to-acquire-egypts-nile-sugar-to-update-valuation-report\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2019\/04\/23\/oih-looks-to-extend-deadline-to-acquire-egypts-nile-sugar-to-update-valuation-report\/\",\"name\":\"OIH looks to extend deadline to acquire Egypt\u2019s Nile Sugar to update valuation report - 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The company said that it will\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":602978,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/04\/11\/oih-bid-for-nile-sugar-draws-controversy-company-defends-its-stance\/","url_meta":{"origin":603455,"position":1},"title":"OIH bid for Nile Sugar draws controversy, company defends its stance","author":"enterpriseam admin","date":"11 April 2019","format":false,"excerpt":"M&A WATCH- OIH bid for Nile Sugar draws controversy: Naguib Sawiris\u2019 majority-owned Orascom Investment Holding\u2019s (OIH) c. EGP 3.6 bn bid to acquire the Sawiris family-owned Nile Sugar Company is being questioned by analysts and minority shareholders, according to Mubasher. Shuaa Securities said in a research note that the move\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\/2018\/11\/NaguibSawiris-1600px.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":602783,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/04\/07\/oihs-board-agrees-to-fair-value-for-nile-sugar-acquisition\/","url_meta":{"origin":603455,"position":2},"title":"OIH\u2019s board agrees to fair value for Nile Sugar acquisition","author":"enterpriseam admin","date":"7 April 2019","format":false,"excerpt":"M&A WATCH- OIH board agrees to fair value for Nile Sugar acquisition: Orascom Investment Holding\u2019s board of directors has given a green light to an EGP 2.84 per share bid for Nile Sugar Company, the local press reported. The board had previously given the green light to the acquisition at\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":625022,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/09\/25\/orascom-investment-to-acquire-entire-stake-of-nile-sugar-by-year-end\/","url_meta":{"origin":603455,"position":3},"title":"Orascom Investment to acquire entire stake of Nile Sugar by year-end","author":"enterpriseam admin","date":"25 September 2018","format":false,"excerpt":"M&A WATCH- Orascom Investment to acquire entire stake of Nile Sugar by year-end. Orascom Investment Holding (OIH) will acquire all the outstanding shares of Nile Sugar by the end of this year, Naguib Sawiris told CNBC Arabia, adding that due diligence on the transaction is ongoing. OIH is currently prioritizing\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":602162,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/03\/20\/gemini-holding-hires-beltone-as-financial-advisor-on-nile-sugar-acquisition\/","url_meta":{"origin":603455,"position":4},"title":"Gemini Holding hires Beltone as financial advisor on Nile Sugar acquisition","author":"enterpriseam admin","date":"20 March 2019","format":false,"excerpt":"M&A WATCH- Gemini taps Beltone to advise on Nile Sugar acquisition: Gemini Holding has hired Beltone Financial as its financial advisor on the potential acquisition of Nile Sugar by Orascom Investment Holdings (OIH), sources with knowledge of the matter tell Al Mal. OIH had hired BDO Corporate Finance to conduct\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":625176,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/09\/30\/oih-hires-bdo-to-conduct-fv-report-on-nile-sugar\/","url_meta":{"origin":603455,"position":5},"title":"OIH hires BDO to conduct FV report on Nile Sugar","author":"enterpriseam admin","date":"30 September 2018","format":false,"excerpt":"M&A WATCH- OIH hires BDO to conduct FV report on Nile Sugar: Orascom Investment Holdings (OIH) has hired BDO Corporate Finance to do a fair value report on Nile Sugar Company before a possible acquisition, OIH said on Thursday, according to an EGX filing (pdf). Naguib Sawiris had said last\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":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/603455","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=603455"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/603455\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/603445"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=603455"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=603455"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=603455"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=603455"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=603455"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}