{"id":603856,"date":"2023-08-22T00:00:00","date_gmt":"2023-08-22T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2023\/08\/22\/philip-morris-mulls-minority-stake-in-eastern-company-asharq-business\/"},"modified":"2023-08-22T00:00:00","modified_gmt":"2023-08-22T00:00:00","slug":"philip-morris-mulls-minority-stake-in-eastern-company-asharq-business","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2023\/08\/22\/philip-morris-mulls-minority-stake-in-eastern-company-asharq-business\/","title":{"rendered":"Philip Morris mulls minority stake in Eastern Company -Asharq Business"},"content":{"rendered":"

Philip Morris\u2019 United Tobacco is eyeing a minority stake in state-owned Eastern <\/strong> Company<\/strong>, Asharq Business<\/a> reports, citing two unnamed government sources. No details were given about the exact size of the stake or the value of the offer on the table. However, one source is quoted as saying that the state is keen to ensure it maintains its controlling stake \u2014 as has been a common theme in the government\u2019s privatization talks so far. <\/p>\n

Who owns what? <\/strong>As it currently stands, the state owns a 51% share of Eastern Company through its Chemical Industries Holding Company. South African investment company Allan Gray holds some 7.2%, while the employee shareholders\u2019 union owns 5.2%. The remaining shares are traded on the Egyptian Exchange. <\/p>\n

Eastern Company already works closely with United: <\/strong>Eastern agreed to purchase<\/a> a 24% stake in United Tobacco for EGP 100 mn last year. The acquisition is part of the agreement<\/a> the Philip Morris subsidiary struck with Eastern Company to locally manufacture cigarettes, making United the country\u2019s second tobacco manufacturer. United Tobacco was the only company to bid in the tender after other companies complained that the conditions of the tender would establish a monopoly over the local market.<\/p>\n

This isn\u2019t the first time we hear that gov\u2019t is looking to sell down its stake: <\/strong>A local media report in June<\/a> said an Emirati state institution was interested in snapping up a 25-30% stake in Eastern Company from the state before the end of that month, though we haven\u2019t heard any more on that transaction since. Eastern Company is not on the list of the 32+ companies<\/a> the government has earmarked for asset sales under its privatization program. <\/p>\n

Market reax: <\/strong>Shares in Eastern Company rose 1.4% to close at EGP 18.25 on Monday. <\/p>\n","protected":false},"excerpt":{"rendered":"

Eastern and the Philip Morris subsidiary are the only two local cigarette manufacturers<\/p>\n","protected":false},"author":1,"featured_media":603857,"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":[7321],"tags":[247,72,7128,1730,81,1971],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-603856","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-privatization-watch","tag-eastern-company","tag-enterpriseam","tag-ma-watch","tag-philip-morris","tag-privatization-watch","tag-united-tobacco","wpautop","entry"],"acf":{"mongo_id":"54c7e4ac-4d65-4d33-82d7-1ffa202da7cd","order":"0","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2023\/8\/991.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Philip Morris mulls minority stake in Egypt\u2019s Eastern Company -Asharq Business","related_issue":[603851],"teaser":"Eastern and the Philip Morris subsidiary are the only two local cigarette manufacturers","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2023\/8\/.b24e8af8-a500-434e-9234-d355a7c422f0.mp3"},"yoast_head":"\nPhilip Morris mulls minority stake in Eastern Company -Asharq Business - 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\/2023\/08\/22\/philip-morris-mulls-minority-stake-in-eastern-company-asharq-business\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Philip Morris mulls minority stake in Eastern Company -Asharq Business\" \/>\n<meta property=\"og:description\" content=\"Eastern and the Philip Morris subsidiary are the only two local cigarette manufacturers\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2023\/08\/22\/philip-morris-mulls-minority-stake-in-eastern-company-asharq-business\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2023-08-22T00:00:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2023\/8\/991.jpg?fit=%2C&ssl=1\" \/>\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\/2023\/08\/22\/philip-morris-mulls-minority-stake-in-eastern-company-asharq-business\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/08\/22\/philip-morris-mulls-minority-stake-in-eastern-company-asharq-business\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Philip Morris mulls minority stake in Eastern Company -Asharq Business\",\"datePublished\":\"2023-08-22T00:00:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/08\/22\/philip-morris-mulls-minority-stake-in-eastern-company-asharq-business\/\"},\"wordCount\":299,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/08\/22\/philip-morris-mulls-minority-stake-in-eastern-company-asharq-business\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2023\/8\/991.jpg?fit=%2C&ssl=1\",\"keywords\":[\"Eastern Company\",\"EnterpriseAM\",\"M&A Watch\",\"Philip Morris\",\"privatization watch\",\"UNited Tobacco\"],\"articleSection\":[\"Privatization\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/08\/22\/philip-morris-mulls-minority-stake-in-eastern-company-asharq-business\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2023\/08\/22\/philip-morris-mulls-minority-stake-in-eastern-company-asharq-business\/\",\"name\":\"Philip Morris mulls minority stake in Eastern Company -Asharq Business - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/08\/22\/philip-morris-mulls-minority-stake-in-eastern-company-asharq-business\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/08\/22\/philip-morris-mulls-minority-stake-in-eastern-company-asharq-business\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2023\/8\/991.jpg?fit=%2C&ssl=1\",\"datePublished\":\"2023-08-22T00:00:00+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/08\/22\/philip-morris-mulls-minority-stake-in-eastern-company-asharq-business\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2023\/08\/22\/philip-morris-mulls-minority-stake-in-eastern-company-asharq-business\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/08\/22\/philip-morris-mulls-minority-stake-in-eastern-company-asharq-business\/#primaryimage\",\"url\":\"https:\/\/i0.wp.com\/ent.news\/2023\/8\/991.jpg?fit=%2C&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/ent.news\/2023\/8\/991.jpg?fit=%2C&ssl=1\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/08\/22\/philip-morris-mulls-minority-stake-in-eastern-company-asharq-business\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Philip Morris mulls minority stake in Eastern Company -Asharq Business\"}]},{\"@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":"Philip Morris mulls minority stake in Eastern Company -Asharq Business - 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\/2023\/08\/22\/philip-morris-mulls-minority-stake-in-eastern-company-asharq-business\/","og_locale":"en_US","og_type":"article","og_title":"Philip Morris mulls minority stake in Eastern Company -Asharq Business","og_description":"Eastern and the Philip Morris subsidiary are the only two local cigarette manufacturers","og_url":"https:\/\/enterpriseam.com\/egypt\/2023\/08\/22\/philip-morris-mulls-minority-stake-in-eastern-company-asharq-business\/","og_site_name":"EnterpriseAM Egypt","article_published_time":"2023-08-22T00:00:00+00:00","og_image":[{"url":"https:\/\/i0.wp.com\/ent.news\/2023\/8\/991.jpg?fit=%2C&ssl=1","type":"","width":"","height":""}],"author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/egypt\/2023\/08\/22\/philip-morris-mulls-minority-stake-in-eastern-company-asharq-business\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/2023\/08\/22\/philip-morris-mulls-minority-stake-in-eastern-company-asharq-business\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"Philip Morris mulls minority stake in Eastern Company -Asharq Business","datePublished":"2023-08-22T00:00:00+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2023\/08\/22\/philip-morris-mulls-minority-stake-in-eastern-company-asharq-business\/"},"wordCount":299,"publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/2023\/08\/22\/philip-morris-mulls-minority-stake-in-eastern-company-asharq-business\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2023\/8\/991.jpg?fit=%2C&ssl=1","keywords":["Eastern Company","EnterpriseAM","M&A Watch","Philip Morris","privatization watch","UNited Tobacco"],"articleSection":["Privatization"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/egypt\/2023\/08\/22\/philip-morris-mulls-minority-stake-in-eastern-company-asharq-business\/","url":"https:\/\/enterpriseam.com\/egypt\/2023\/08\/22\/philip-morris-mulls-minority-stake-in-eastern-company-asharq-business\/","name":"Philip Morris mulls minority stake in Eastern Company -Asharq Business - EnterpriseAM Egypt","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/#website"},"primaryImageOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2023\/08\/22\/philip-morris-mulls-minority-stake-in-eastern-company-asharq-business\/#primaryimage"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/2023\/08\/22\/philip-morris-mulls-minority-stake-in-eastern-company-asharq-business\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2023\/8\/991.jpg?fit=%2C&ssl=1","datePublished":"2023-08-22T00:00:00+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/egypt\/2023\/08\/22\/philip-morris-mulls-minority-stake-in-eastern-company-asharq-business\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/egypt\/2023\/08\/22\/philip-morris-mulls-minority-stake-in-eastern-company-asharq-business\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/2023\/08\/22\/philip-morris-mulls-minority-stake-in-eastern-company-asharq-business\/#primaryimage","url":"https:\/\/i0.wp.com\/ent.news\/2023\/8\/991.jpg?fit=%2C&ssl=1","contentUrl":"https:\/\/i0.wp.com\/ent.news\/2023\/8\/991.jpg?fit=%2C&ssl=1"},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/egypt\/2023\/08\/22\/philip-morris-mulls-minority-stake-in-eastern-company-asharq-business\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/egypt\/"},{"@type":"ListItem","position":2,"name":"Philip Morris mulls minority stake in Eastern Company -Asharq Business"}]},{"@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\/"}]}},"featured_image_src":"https:\/\/i0.wp.com\/ent.news\/2023\/8\/991.jpg?resize=600%2C400&ssl=1","featured_image_src_square":"https:\/\/i0.wp.com\/ent.news\/2023\/8\/991.jpg?resize=600%2C600&ssl=1","author_info":{"display_name":"enterpriseam admin","author_link":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"},"jetpack_featured_media_url":"https:\/\/i0.wp.com\/ent.news\/2023\/8\/991.jpg?fit=%2C&ssl=1","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":620594,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/05\/23\/philip-morris-snaps-up-14-7-stake-in-eastern-company\/","url_meta":{"origin":603856,"position":0},"title":"Philip Morris snaps up 14.7% stake in Eastern Company","author":"enterpriseam admin","date":"23 May 2024","format":false,"excerpt":"Philip Morris bought the stake from new shareholder Emirati Global Investment Holding","rel":"","context":"In "M&A WATCH"","block_context":{"text":"M&A WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/ma-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/5\/1875.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":603939,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/08\/23\/govt-to-sell-up-to-15-stake-in-eastern-after-receiving-interest-from-multiple-investors\/","url_meta":{"origin":603856,"position":1},"title":"Gov\u2019t to sell up to 15% stake in Eastern after receiving interest from multiple investors","author":"enterpriseam admin","date":"23 August 2023","format":false,"excerpt":"Eastern is willing to sell down just under a third of its 51% stake","rel":"","context":"In "Privatization"","block_context":{"text":"Privatization","link":"https:\/\/enterpriseam.com\/egypt\/category\/business\/privatization-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/8\/1064.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":605639,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/09\/04\/uae-based-firm-acquires-30-stake-in-eastern-company\/","url_meta":{"origin":603856,"position":2},"title":"UAE-based firm acquires 30% stake in Eastern Company","author":"enterpriseam admin","date":"4 September 2023","format":false,"excerpt":"The sale injects new momentum into the government\u2019s privatization drive","rel":"","context":"In "Privatization"","block_context":{"text":"Privatization","link":"https:\/\/enterpriseam.com\/egypt\/category\/business\/privatization-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/9\/106.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":620729,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/05\/26\/the-details-of-philip-morris-eastern-company-stake-acquisition-plus-news-from-azza-fahmy-cabinet-ina\/","url_meta":{"origin":603856,"position":3},"title":"The details of Philip Morris\u2019 Eastern Company stake acquisition. PLUS: News from Azza Fahmy, cabinet, INA","author":"enterpriseam admin","date":"26 May 2024","format":false,"excerpt":"Philip Morris snapped up 49% of the UK-registered UK Egypt Investments Holding Limited, the sole owner of Global Investment Holding","rel":"","context":"In "Also on our Radar"","block_context":{"text":"Also on our Radar","link":"https:\/\/enterpriseam.com\/egypt\/category\/also-on-our-radar\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/5\/1992.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":549105,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/09\/04\/holy-smokes\/","url_meta":{"origin":603856,"position":4},"title":"Holy smokes","author":"enterpriseam admin","date":"4 September 2022","format":false,"excerpt":"Shifting producer dynamics are shaking up the normally staid cigarette industry on this early September morning.Eastern Company reportedly plans to raise prices of key brands by as much as EGP 1.50-2.00 per pack today, according to Bloomberg Asharq. The maker of Cleopatra and other popular brands last hiked prices barely\u2026","rel":"","context":"In "Manufacturing"","block_context":{"text":"Manufacturing","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/manufacturing\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":545909,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/04\/17\/philip-morris-strikes-an-agreement-on-local-tobacco-manufacturing-with-eastern\/","url_meta":{"origin":603856,"position":5},"title":"Philip Morris strikes an agreement on local tobacco manufacturing with Eastern","author":"enterpriseam admin","date":"17 April 2022","format":false,"excerpt":"Eastern agrees to let Philip Morris make smokes in Egypt: The Egyptian arm of tobacco giant Philip Morris is on course to manufacture cigarettes in Egypt after reaching an agreement with Eastern Company, according to a disclosure to the EGX (pdf) filed by the state tobacco monopoly on Thursday. United\u2026","rel":"","context":"In "Manufacturing"","block_context":{"text":"Manufacturing","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/manufacturing\/"},"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\/603856","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=603856"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/603856\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/603851"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/603857"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=603856"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=603856"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=603856"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=603856"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=603856"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}