{"id":611219,"date":"2023-12-04T00:00:00","date_gmt":"2023-12-04T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2023\/12\/04\/another-military-owned-fuel-retailer-could-be-part-privatized\/"},"modified":"2023-12-04T00:00:00","modified_gmt":"2023-12-04T00:00:00","slug":"another-military-owned-fuel-retailer-could-be-part-privatized","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2023\/12\/04\/another-military-owned-fuel-retailer-could-be-part-privatized\/","title":{"rendered":"Another military-owned fuel retailer could be part-privatized"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>One stake sale is being lined up as another is delayed: <\/strong>The government is looking to offload a stake in the military\u2019s Chill Out fuel retailer, Planning Minister Hala El Said told <a target=\"_blank\" href=\"https:\/\/tinyurl.com\/436puba8\" style=\"\" rel=\"noopener\">Asharq Business<\/a> on the sidelines of COP28. The company is owned by the National Service Projects Organization (NSPO) via its National Roads Company subsidiary, and would become the second military-owned fuel retailer to sell shares to private investors after Wataniya, which is also owned by the NSPO. El Said didn\u2019t share any details regarding the timeline or percentage of the stake sale. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The plan: <\/strong>The government will begin restructuring the company ahead of the stake sale, she said. The process will begin after the government concludes the sale of Wataniya under its <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/e8a0da43-f922-4a49-b3a9-839f397f8ce4\" style=\"\" rel=\"noopener\">privatization<\/a> program.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Speaking of which: Wataniya stake sale delayed. <\/strong>We were expecting the government to <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/7bfd11c3-82ee-4e5c-9f6d-f7695ae1ef03\" style=\"\" rel=\"noopener\">finalize the sale<\/a> later this month but according to El Said the transaction will take several more weeks to close. The minister didn\u2019t explain the reasons behind the delay.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Background:<\/strong> The government and the Sovereign Fund of Egypt have been working on the sale of the fuel retailer <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/14b94986-d461-4f36-ab26-cf9227098f74\" style=\"\" rel=\"noopener\">for the past three years<\/a>. It\u2019s unclear how much of the company will be sold though SFE CEO Ayman Soliman has said that <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/c2b7a2e5-6a60-4d93-b790-a71770451eff\" style=\"\" rel=\"noopener\">100% of the firm<\/a> could potentially be sold off. Taqa Arabia is the only company to have <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/9326a491-9645-49df-b489-e36f40100021\" style=\"\" rel=\"noopener\">publicly declared interest<\/a> in the company\u2019s assets, though a number of other firms have been rumored to be lodging bids, including Abu Dhabi National Oil Company (Adnoc) and <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/ed23d6b6-3314-4600-8e5c-af1f5ef906a4\" style=\"\" rel=\"noopener\">Shell<\/a>. The NSPO <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/08d5f7ed-6d80-4f83-a036-5d906b919741\" style=\"\" rel=\"noopener\">acquired a 20% stake<\/a> in Taqa earlier this year.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The NSPO will <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/c56b1ef7-a0a4-4361-b790-0b4a0b294ddc\" style=\"\" rel=\"noopener\">launch a new line of filling stations<\/a><\/strong> under the brand A1 before the end of the year.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Remember:<\/strong> The government rebooted its privatization program earlier this year, naming 35 companies that will sell stakes to private investors as part of the government\u2019s efforts to end the ongoing currency crisis and meet the terms of its USD 3 bn loan program with the IMF. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ALSO- A date for the hotels company stake sale:<\/strong>The government plans to complete the sale of a stake in a group of historic hotels before the end of the year, El Said said, echoing <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/5eebc811-7a6e-4798-ad07-f7d9fc6192ea\" style=\"\" rel=\"noopener\">statements made by Soliman<\/a> last month. She didn\u2019t provide further details.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Background:<\/strong> The Planning Ministry <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/1f59098e-47ac-42cc-964c-b84096549959\" style=\"\" rel=\"noopener\">said in July<\/a> it had agreed to sell a 37% stake in the government\u2019s hotels holding company to a group that includes a unit of EGX-listed hotel and real estate player TMG and unnamed foreign investors for USD 700 mn. An <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/e5817500-ac5a-430e-9f9b-d29ccfaa663b\" style=\"\" rel=\"noopener\">unconfirmed report<\/a> last month claimed that the consortium will increase its stake to 51%.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Wataniya sale will be delayed by several weeks, Egypt\u2019s planning minister said yesterday<\/p>\n","protected":false},"author":1,"featured_media":611220,"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":[11827,72,81,587,615,567],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-611219","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-privatization-watch","tag-chill-out","tag-enterpriseam","tag-privatization-watch","tag-state-privatization-program","tag-taqa-arabia","tag-wataniya-petroleum","wpautop","entry"],"acf":{"mongo_id":"ca37c4c6-6b0a-4553-8a56-b23310d43aec","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2023\/12\/142.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Military\u2019s Chill Out fuel retailer earmarked for privatization as Wataniya sale pushed to 2024","related_issue":[611212],"teaser":"The Wataniya sale will be delayed by several weeks, Egypt\u2019s planning minister said yesterday","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2023\/12\/.336d24ea-e3eb-4bea-be34-f945e6122071.mp3"},"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>Another military-owned fuel retailer could be part-privatized - 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\/12\/04\/another-military-owned-fuel-retailer-could-be-part-privatized\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Another military-owned fuel retailer could be part-privatized\" \/>\n<meta property=\"og:description\" content=\"The Wataniya sale will be delayed by several weeks, Egypt\u2019s planning minister said yesterday\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2023\/12\/04\/another-military-owned-fuel-retailer-could-be-part-privatized\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2023-12-04T00:00:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2023\/12\/142.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=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/12\/04\/another-military-owned-fuel-retailer-could-be-part-privatized\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/12\/04\/another-military-owned-fuel-retailer-could-be-part-privatized\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Another military-owned fuel retailer could be part-privatized\",\"datePublished\":\"2023-12-04T00:00:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/12\/04\/another-military-owned-fuel-retailer-could-be-part-privatized\/\"},\"wordCount\":446,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/12\/04\/another-military-owned-fuel-retailer-could-be-part-privatized\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2023\/12\/142.jpg?fit=%2C&ssl=1\",\"keywords\":[\"Chill Out\",\"EnterpriseAM\",\"privatization watch\",\"state privatization program\",\"TAQA Arabia\",\"Wataniya Petroleum\"],\"articleSection\":[\"Privatization\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/12\/04\/another-military-owned-fuel-retailer-could-be-part-privatized\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2023\/12\/04\/another-military-owned-fuel-retailer-could-be-part-privatized\/\",\"name\":\"Another military-owned fuel retailer could be part-privatized - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/12\/04\/another-military-owned-fuel-retailer-could-be-part-privatized\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/12\/04\/another-military-owned-fuel-retailer-could-be-part-privatized\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2023\/12\/142.jpg?fit=%2C&ssl=1\",\"datePublished\":\"2023-12-04T00:00:00+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/12\/04\/another-military-owned-fuel-retailer-could-be-part-privatized\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2023\/12\/04\/another-military-owned-fuel-retailer-could-be-part-privatized\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/12\/04\/another-military-owned-fuel-retailer-could-be-part-privatized\/#primaryimage\",\"url\":\"https:\/\/i0.wp.com\/ent.news\/2023\/12\/142.jpg?fit=%2C&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/ent.news\/2023\/12\/142.jpg?fit=%2C&ssl=1\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/12\/04\/another-military-owned-fuel-retailer-could-be-part-privatized\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Another military-owned fuel retailer could be part-privatized\"}]},{\"@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":"Another military-owned fuel retailer could be part-privatized - 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\/12\/04\/another-military-owned-fuel-retailer-could-be-part-privatized\/","og_locale":"en_US","og_type":"article","og_title":"Another military-owned fuel retailer could be part-privatized","og_description":"The Wataniya sale will be delayed by several weeks, Egypt\u2019s planning minister said yesterday","og_url":"https:\/\/enterpriseam.com\/egypt\/2023\/12\/04\/another-military-owned-fuel-retailer-could-be-part-privatized\/","og_site_name":"EnterpriseAM Egypt","article_published_time":"2023-12-04T00:00:00+00:00","og_image":[{"url":"https:\/\/i0.wp.com\/ent.news\/2023\/12\/142.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":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/egypt\/2023\/12\/04\/another-military-owned-fuel-retailer-could-be-part-privatized\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/2023\/12\/04\/another-military-owned-fuel-retailer-could-be-part-privatized\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"Another military-owned fuel retailer could be part-privatized","datePublished":"2023-12-04T00:00:00+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2023\/12\/04\/another-military-owned-fuel-retailer-could-be-part-privatized\/"},"wordCount":446,"publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/2023\/12\/04\/another-military-owned-fuel-retailer-could-be-part-privatized\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2023\/12\/142.jpg?fit=%2C&ssl=1","keywords":["Chill Out","EnterpriseAM","privatization watch","state privatization program","TAQA Arabia","Wataniya Petroleum"],"articleSection":["Privatization"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/egypt\/2023\/12\/04\/another-military-owned-fuel-retailer-could-be-part-privatized\/","url":"https:\/\/enterpriseam.com\/egypt\/2023\/12\/04\/another-military-owned-fuel-retailer-could-be-part-privatized\/","name":"Another military-owned fuel retailer could be part-privatized - EnterpriseAM Egypt","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/#website"},"primaryImageOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2023\/12\/04\/another-military-owned-fuel-retailer-could-be-part-privatized\/#primaryimage"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/2023\/12\/04\/another-military-owned-fuel-retailer-could-be-part-privatized\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2023\/12\/142.jpg?fit=%2C&ssl=1","datePublished":"2023-12-04T00:00:00+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/egypt\/2023\/12\/04\/another-military-owned-fuel-retailer-could-be-part-privatized\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/egypt\/2023\/12\/04\/another-military-owned-fuel-retailer-could-be-part-privatized\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/2023\/12\/04\/another-military-owned-fuel-retailer-could-be-part-privatized\/#primaryimage","url":"https:\/\/i0.wp.com\/ent.news\/2023\/12\/142.jpg?fit=%2C&ssl=1","contentUrl":"https:\/\/i0.wp.com\/ent.news\/2023\/12\/142.jpg?fit=%2C&ssl=1"},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/egypt\/2023\/12\/04\/another-military-owned-fuel-retailer-could-be-part-privatized\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/egypt\/"},{"@type":"ListItem","position":2,"name":"Another military-owned fuel retailer could be part-privatized"}]},{"@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\/12\/142.jpg?resize=600%2C400&ssl=1","featured_image_src_square":"https:\/\/i0.wp.com\/ent.news\/2023\/12\/142.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\/12\/142.jpg?fit=%2C&ssl=1","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":586994,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/05\/21\/adnoc-to-make-the-first-bid-for-wataniya\/","url_meta":{"origin":611219,"position":0},"title":"Adnoc to make the first bid for Wataniya","author":"enterpriseam admin","date":"21 May 2023","format":false,"excerpt":"Strategics reportedly want at least 20% of Wataniya, Safi","rel":"","context":"In &quot;Privatization&quot;","block_context":{"text":"Privatization","link":"https:\/\/enterpriseam.com\/egypt\/category\/business\/privatization-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/5\/1077.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":590808,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/07\/26\/military-owned-institution-acquires-20-of-taqa-arabia\/","url_meta":{"origin":611219,"position":1},"title":"Military-owned institution acquires 20% of Taqa Arabia","author":"enterpriseam admin","date":"26 July 2023","format":false,"excerpt":"Taqa sold its shares at a 46% discount to market value","rel":"","context":"In &quot;M&amp;A WATCH&quot;","block_context":{"text":"M&amp;A WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/ma-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/7\/972.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":560310,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/02\/23\/franchising-on-the-menu-for-wataniya-sale\/","url_meta":{"origin":611219,"position":2},"title":"Franchising on the menu for Wataniya sale","author":"enterpriseam admin","date":"23 February 2021","format":false,"excerpt":"Franchisers are now on the list of potential buyers for 80-90% of military-owned Wataniya Petroleum, Sovereign Fund of Egypt (SFE) CEO Ayman Soliman told Reuters. The inclusion of franchising as a potential model for the sale came after the fund saw that some markets, including Europe, follow that model. The\u2026","rel":"","context":"In &quot;Privatization&quot;","block_context":{"text":"Privatization","link":"https:\/\/enterpriseam.com\/egypt\/category\/business\/privatization-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/2\/333.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":581486,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/02\/12\/more-stake-sales-in-military-owned-firms-coming\/","url_meta":{"origin":611219,"position":3},"title":"More stake sales in military-owned firms coming?","author":"enterpriseam admin","date":"12 February 2023","format":false,"excerpt":"The government is \u201cready\u201d to offer up stakes in all military-owned firms as part of the state privatization program and partner with private-sector players, President Abdel Fattah El Sisi said on Thursday. Bringing in the private sector for partnerships \u201ccould increase governance and could improve performance, he said (watch, runtime:\u2026","rel":"","context":"In &quot;Privatization&quot;","block_context":{"text":"Privatization","link":"https:\/\/enterpriseam.com\/egypt\/category\/business\/privatization-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":582603,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/03\/13\/safi-wataniya-prepare-for-offering\/","url_meta":{"origin":611219,"position":4},"title":"Safi + Wataniya prepare for offering","author":"enterpriseam admin","date":"13 March 2023","format":false,"excerpt":"The adviser working on the offering is unknown.","rel":"","context":"In &quot;Privatization&quot;","block_context":{"text":"Privatization","link":"https:\/\/enterpriseam.com\/egypt\/category\/business\/privatization-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/3\/wataniya-station-1600.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":565092,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/03\/17\/wataniya-sale-pushed-back-to-2h2021\/","url_meta":{"origin":611219,"position":5},"title":"Wataniya sale pushed back to 2H2021","author":"enterpriseam admin","date":"17 March 2021","format":false,"excerpt":"The sale of 80-90% of military-owned Wataniya Petroleum has been pushed back to 2H2021, sources close to the transaction told the local press. The Sovereign Fund of Egypt (SFE), which is managing the sale, had previously been expected to wrap it up in the first half of the year, according\u2026","rel":"","context":"In &quot;SPEED ROUND: PRIVATIZATION WATCH&quot;","block_context":{"text":"SPEED ROUND: PRIVATIZATION WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round-privatization-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/3\/497.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/611219","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=611219"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/611219\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/611212"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/611220"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=611219"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=611219"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=611219"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=611219"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=611219"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}