{"id":624374,"date":"2018-09-06T03:50:34","date_gmt":"2018-09-06T03:50:34","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/09\/06\/carbon-holdings-to-sell-30-stake-in-2q2019-ipo\/"},"modified":"2018-09-06T03:50:34","modified_gmt":"2018-09-06T03:50:34","slug":"carbon-holdings-to-sell-30-stake-in-2q2019-ipo","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/09\/06\/carbon-holdings-to-sell-30-stake-in-2q2019-ipo\/","title":{"rendered":"Carbon Holdings to sell 30% stake in 2Q2019 IPO"},"content":{"rendered":"<p><a class=\"content-anchor\" id=\"tldr-story-04\"><\/a> <strong>**#4 IPO WATCH- Carbon Holdings to sell 30% stake in 2Q2019 IPO: <\/strong>Carbon Holdings plans to sell a 30% stake in an IPO next year, Managing Director of Corporate Finance and Investor Relations <a href=\"https:\/\/www.alborsaanews.com\/2018\/09\/05\/1129975\">Karim Helal said<\/a>. The company also appears to have narrowed the date of the IPO to 2Q2019, according to Helal. The offering will include a global depository receipt program, he added. Helal <a href=\"https:\/\/enterprise.press\/stories\/2018\/05\/07\/carbon-holdings-eyes-dual-listing-by-end-of-1h2019\/\">had said back in May<\/a> that company, founded by industrialist Basil El Baz, was looking to raise as much as USD 250 mn in the transaction, which was said at the time to be slated for 1H2019. <a href=\"https:\/\/enterprise.press\/stories\/2018\/03\/11\/carbon-holdings-planning-potentially-largest-ipo-in-egypt-since-2011\/\">Sources previously told us<\/a> that the stake sale could be the largest in Egypt since 2011 and could value the company north of USD 1 bn.<\/p>\n<p><strong>This comes as Carbon Holdings is in talks with international lenders on the debt package <\/strong>for its USD 10.9 bn Tahrir Petrochemicals Corporation (TPC) complex, Helal said. Lenders include the European Bank for Reconstruction and Development, the International Finance Corporation and the African Development Bank. He expects to reach debt close before the end of the year.<\/p>\n<p><strong>Advisors:<\/strong> <strong>EFG Hermes<\/strong> is acting as advisor and global coordinator for the IPO, <strong>Baker & McKenzie<\/strong> is local legal counsel, and <strong>White & Case<\/strong> is international counsel.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>**#4 IPO WATCH- Carbon Holdings to sell 30% stake in 2Q2019 IPO: Carbon Holdings plans to sell a 30% stake in an IPO next year, Managing Director of Corporate Finance and Investor Relations Karim Helal said. The company also appears to have narrowed the date of the IPO to 2Q2019, according to Helal. The offering [&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":[72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-624374","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"8f04c5a7-a0a4-4437-9e02-55c2ce57eb6d","order":"0","is_powered_by":true,"section_story_id":"7768b586-b40f-4f99-b296-84315aaee3dc","story_type":"1","photo_url":"","photo_position":"above","related_issue":[624362],"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>Carbon Holdings to sell 30% stake in 2Q2019 IPO - 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\/09\/06\/carbon-holdings-to-sell-30-stake-in-2q2019-ipo\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Carbon Holdings to sell 30% stake in 2Q2019 IPO\" \/>\n<meta property=\"og:description\" content=\"**#4 IPO WATCH- Carbon Holdings to sell 30% stake in 2Q2019 IPO: Carbon Holdings plans to sell a 30% stake in an IPO next year, Managing Director of Corporate Finance and Investor Relations Karim Helal said. The company also appears to have narrowed the date of the IPO to 2Q2019, according to Helal. The offering [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2018\/09\/06\/carbon-holdings-to-sell-30-stake-in-2q2019-ipo\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2018-09-06T03:50:34+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\/2018\/09\/06\/carbon-holdings-to-sell-30-stake-in-2q2019-ipo\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/09\/06\/carbon-holdings-to-sell-30-stake-in-2q2019-ipo\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Carbon Holdings to sell 30% stake in 2Q2019 IPO\",\"datePublished\":\"2018-09-06T03:50:34+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/09\/06\/carbon-holdings-to-sell-30-stake-in-2q2019-ipo\/\"},\"wordCount\":211,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/09\/06\/carbon-holdings-to-sell-30-stake-in-2q2019-ipo\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2018\/09\/06\/carbon-holdings-to-sell-30-stake-in-2q2019-ipo\/\",\"name\":\"Carbon Holdings to sell 30% stake in 2Q2019 IPO - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"datePublished\":\"2018-09-06T03:50:34+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/09\/06\/carbon-holdings-to-sell-30-stake-in-2q2019-ipo\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2018\/09\/06\/carbon-holdings-to-sell-30-stake-in-2q2019-ipo\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/09\/06\/carbon-holdings-to-sell-30-stake-in-2q2019-ipo\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Carbon Holdings to sell 30% stake in 2Q2019 IPO\"}]},{\"@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":"Carbon Holdings to sell 30% stake in 2Q2019 IPO - 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\/2018\/09\/06\/carbon-holdings-to-sell-30-stake-in-2q2019-ipo\/","og_locale":"en_US","og_type":"article","og_title":"Carbon Holdings to sell 30% stake in 2Q2019 IPO","og_description":"**#4 IPO WATCH- Carbon Holdings to sell 30% stake in 2Q2019 IPO: Carbon Holdings plans to sell a 30% stake in an IPO next year, Managing Director of Corporate Finance and Investor Relations Karim Helal said. The company also appears to have narrowed the date of the IPO to 2Q2019, according to Helal. 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TAQA\u2019s EGX debut is currently slated for\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":600100,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/01\/20\/qalaa-will-not-sell-shares-in-arc-and-taqa-arabia-when-they-ipo\/","url_meta":{"origin":624374,"position":3},"title":"Qalaa will not sell shares in ARC and TAQA Arabia when they IPO","author":"enterpriseam admin","date":"20 January 2019","format":false,"excerpt":"CLARIFICATION- Qalaa will not sell shares in ARC and TAQA Arabia when they IPO: Qalaa Holdings is planning to go ahead with an IPO of Arab Refining Company (ARC, the largest shareholder of the Egyptian Refining Company) and TAQA Arabia as early as 2020, but will not sell down its\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":624274,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/09\/04\/redcon-eyes-2q2019-ipo-to-finance-future-expansion-plans\/","url_meta":{"origin":624374,"position":4},"title":"Redcon eyes 2Q2019 IPO to finance future expansion plans","author":"enterpriseam admin","date":"4 September 2018","format":false,"excerpt":"IPO WATCH- Redcon eyes 2Q2019 IPO to finance future expansion plans: Redcon Construction is considering floating a portion of its shares in the EGX in an initial public offering in the second quarter of 2019, Managing Director Tarek El Gammal said, Al Mal reports. 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The stake sale is likely to be the largest IPO in Egypt since 2011, although the company has\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\/624374","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=624374"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/624374\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/624362"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=624374"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=624374"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=624374"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=624374"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=624374"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}