{"id":604510,"date":"2018-12-05T04:23:00","date_gmt":"2018-12-05T04:23:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/12\/05\/amoc-in-talks-to-increase-stake-in-alexandria-wax-products-co\/"},"modified":"2018-12-05T04:23:00","modified_gmt":"2018-12-05T04:23:00","slug":"amoc-in-talks-to-increase-stake-in-alexandria-wax-products-co","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/12\/05\/amoc-in-talks-to-increase-stake-in-alexandria-wax-products-co\/","title":{"rendered":"AMOC in talks to increase stake in Alexandria Wax Products Co."},"content":{"rendered":"

M&A WATCH- AMOC in talks to purchase Sasol\u2019s stake in Alexandria Wax Products Co: <\/b>The Alexandria Mineral Oils Co. (AMOC) is in talks to acquire a portion of Sasol Germany GmBH\u2019s<\/a> stake in Alexandria Wax Products Co<\/a> at EGP 100 per share, according to an EGX disclosure (pdf)<\/a>. AMOC, which currently holds 40% of Alexandria Wax Products, is seeking a majority stake in the company, but has yet to say how much of Sasol\u2019s 51% stake it is looking to acquire.<\/p>\n","protected":false},"excerpt":{"rendered":"

M&A WATCH- AMOC in talks to purchase Sasol\u2019s stake in Alexandria Wax Products Co: The Alexandria Mineral Oils Co. (AMOC) is in talks to acquire a portion of Sasol Germany GmBH\u2019s stake in Alexandria Wax Products Co at EGP 100 per share, according to an EGX disclosure (pdf). AMOC, which currently holds 40% of Alexandria […]<\/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":[1133,72,481,7128,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-604510","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-amoc","tag-enterpriseam","tag-germany","tag-ma-watch","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"2a03c6e9-ffb9-49f2-b197-59e7aefe0275","order":"0","is_powered_by":true,"section_story_id":"dd06c7b6-1a38-4d56-9bdd-920fed2b3cd1","story_type":"1","photo_url":"","photo_position":"above","related_issue":[604497],"teaser":"","voice_url":""},"yoast_head":"\nAMOC in talks to increase stake in Alexandria Wax Products Co. - 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\/2018\/12\/05\/amoc-in-talks-to-increase-stake-in-alexandria-wax-products-co\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"AMOC in talks to increase stake in Alexandria Wax Products Co.\" \/>\n<meta property=\"og:description\" content=\"M&A WATCH- AMOC in talks to purchase Sasol\u2019s stake in Alexandria Wax Products Co: The Alexandria Mineral Oils Co. (AMOC) is in talks to acquire a portion of Sasol Germany GmBH\u2019s stake in Alexandria Wax Products Co at EGP 100 per share, according to an EGX disclosure (pdf). AMOC, which currently holds 40% of Alexandria […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2018\/12\/05\/amoc-in-talks-to-increase-stake-in-alexandria-wax-products-co\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2018-12-05T04:23:00+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\/2018\/12\/05\/amoc-in-talks-to-increase-stake-in-alexandria-wax-products-co\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/12\/05\/amoc-in-talks-to-increase-stake-in-alexandria-wax-products-co\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"AMOC in talks to increase stake in Alexandria Wax Products Co.\",\"datePublished\":\"2018-12-05T04:23:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/12\/05\/amoc-in-talks-to-increase-stake-in-alexandria-wax-products-co\/\"},\"wordCount\":93,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"AMOC\",\"EnterpriseAM\",\"Germany\",\"M&A Watch\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/12\/05\/amoc-in-talks-to-increase-stake-in-alexandria-wax-products-co\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2018\/12\/05\/amoc-in-talks-to-increase-stake-in-alexandria-wax-products-co\/\",\"name\":\"AMOC in talks to increase stake in Alexandria Wax Products Co. - 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Al Ahly owns 25.3% of AMOC. Reports of the size of the stake Al Ahly are converting to GDRs have varied in the last few months. AMOC\u2026","rel":"","context":"In "Banking + Finance"","block_context":{"text":"Banking + Finance","link":"https:\/\/enterpriseam.com\/egypt\/category\/banking-finance\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":624475,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/09\/10\/hsbc-wins-mandate-for-amoc-stake-sale\/","url_meta":{"origin":604510,"position":4},"title":"HSBC wins mandate for AMOC stake sale","author":"enterpriseam admin","date":"10 September 2018","format":false,"excerpt":"**#1 EXCLUSIVE- HSBC has won the mandate to lead the sell-down of the state\u2019s stake in the Alexandria Mineral Oils Co. (AMOC), an insider close to the transaction tells us. AMOC is in line to sell shares representing as much as 30% of the company\u2019s equity on the EGX this\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":600364,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/01\/28\/amoc-earnings-tank-in-2q2018-19\/","url_meta":{"origin":604510,"position":5},"title":"AMOC earnings tank in 2Q2018-19","author":"enterpriseam admin","date":"28 January 2019","format":false,"excerpt":"EARNINGS WATCH- AMOC earnings tank in 2Q2018-19: Alexandria Mineral Oils Company\u2019s (AMOC) net profits fell 93% y-o-y to EGP 25 mn during 2Q2018-19, making it the company\u2019s worst quarter in a decade, according to Shuaa Securities (pdf), which noted that the state company\u2019s profits fell 90% below expectation. 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