{"id":612289,"date":"2023-12-20T00:00:00","date_gmt":"2023-12-20T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2023\/12\/20\/beltone-is-snagging-51-of-local-seed-distributor-nsc\/"},"modified":"2023-12-20T00:00:00","modified_gmt":"2023-12-20T00:00:00","slug":"beltone-is-snagging-51-of-local-seed-distributor-nsc","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2023\/12\/20\/beltone-is-snagging-51-of-local-seed-distributor-nsc\/","title":{"rendered":"Beltone is snagging 51% of local seed distributor NSC"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Beltone Financial Holding\u2019s Beltone Capital and investment arm NEPIT are taking a 51% <\/strong><strong>stake in local seed distributor National Seeds Company<\/strong> (NSC) from Cairo Capital for Financial Investmentsin an EGP 140-306 mn transaction, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2023\/12\/1284.pdf\" style=\"\" rel=\"noopener\">statement (pdf)<\/a>. The acquisition is expected to wrap up before the end of 2023.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>There\u2019s upside for Cairo Capital is NSC performs: <\/strong>The initial value of the acquisition is set at EGP 140 mn, but NEPIT could add up to EGP 166 mn to the value of the transaction if NSC\u2019s operational and financial results met certain targets. The top-up would be paid in tranches. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Why this matters: <\/strong>Food security is a perennial issue for Egypt, where we live on about 5% of the nation\u2019s total land mass (the vast majority of us along the Nile or on the coasts) and just 3.5% or so of the nation\u2019s land is arable without intensive (and expensive) land reclamation programs. Growing and distributing more sees at home not just improves food security, but cuts the country\u2019s import bill.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Who\u2019s who? <\/strong>NEPIT, a wholly-owned Beltone Capital subsidiary, primarily invests in agriculture, food, and export-oriented food industries. NSC it is an Egyptian joint-stock company that produces and sells seeds and crops to the local and international markets.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Transaction timeline: <\/strong>The agreement needs regulatory approvals; Beltone expects the transaction to close by year\u2019s end.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The acquisition is expected to be finalized this year<\/p>\n","protected":false},"author":1,"featured_media":612290,"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":[7363],"tags":[97,11875,812,72,7128,11876],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-612289","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ma-watch","tag-agriculture","tag-beltone-capital","tag-beltone-financial","tag-enterpriseam","tag-ma-watch","tag-nepit","wpautop","entry"],"acf":{"mongo_id":"182bb7e6-5c30-423b-a813-434f62b9aa2c","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2023\/12\/1313.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Beltone Financial Holding will acquire 51% of Egyptian National Seed Company for up to EGP 306 mn","related_issue":[612278],"teaser":"The acquisition is expected to be finalized this year","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2023\/12\/.644dda70-906a-4652-ac06-a68ba97fb3d3.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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The capital increase will allow Beltone to pay off\u2026","rel":"","context":"In &quot;Banking + Finance&quot;","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":589174,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/06\/22\/abou-hashima-to-acquire-5-of-beltone\/","url_meta":{"origin":612289,"position":1},"title":"Abou Hashima to acquire 5% of Beltone","author":"enterpriseam admin","date":"22 June 2023","format":false,"excerpt":"Beltone is looking to raise EGP 10 bn via a capital increase","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\/6\/1144.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":547055,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/06\/07\/beltone-gives-its-suitors-the-nod-to-conduct-due-diligence-ahead-of-potential-acquisition\/","url_meta":{"origin":612289,"position":2},"title":"Beltone gives its suitors the nod to conduct due diligence ahead of potential acquisition","author":"enterpriseam admin","date":"7 June 2022","format":false,"excerpt":"Beltone Financial has given the go-ahead to a consortium of investors to conduct due diligence after it submitted an offer to acquire between 51% and 90% of the company this week, Beltone said in an EGX disclosure (pdf). The investors, led by WM Consultancy, have offered to buy the shares\u2026","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\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":592583,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/08\/08\/beltone-financial-gets-the-regulators-go-ahead-for-dd-on-cash\/","url_meta":{"origin":612289,"position":3},"title":"Beltone Financial gets the regulator\u2019s go-ahead for DD on Cash","author":"enterpriseam admin","date":"8 August 2023","format":false,"excerpt":"Beltone is now cleared to begin due diligence","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\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":547200,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/06\/13\/bidding-war-over-beltone-afoot\/","url_meta":{"origin":612289,"position":4},"title":"Bidding war over Beltone afoot?","author":"enterpriseam admin","date":"13 June 2022","format":false,"excerpt":"UAE\u2019s Chimera puts in an offer for Beltone: Our friends at Abu-Dhabi based investment firm Chimera Investments have submitted a non-binding offer to acquire a controlling stake in Beltone Financial, according to a statement (pdf) by the Financial Regulatory Authority (FRA) and disclosures by Chimera (pdf) and Beltone (pdf).The breakdown:\u2026","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\/2022\/6\/249.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":547234,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/06\/14\/bye-wm-wink-wink-chimera\/","url_meta":{"origin":612289,"position":5},"title":"Bye, WM. Wink wink, Chimera","author":"enterpriseam admin","date":"14 June 2022","format":false,"excerpt":"Beltone halts WM due diligence after Chimera enters the chat: Beltone Financial has suspended the WM Consultancy-led consortium from doing due diligence after receiving a rival offer from Chimera Investments on Sunday. 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