{"id":624416,"date":"2018-09-09T04:11:21","date_gmt":"2018-09-09T04:11:21","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/09\/09\/eastern-company-to-pilot-governments-privatization-program-efg-to-manage-transaction\/"},"modified":"2018-09-09T04:11:21","modified_gmt":"2018-09-09T04:11:21","slug":"eastern-company-to-pilot-governments-privatization-program-efg-to-manage-transaction","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/09\/09\/eastern-company-to-pilot-governments-privatization-program-efg-to-manage-transaction\/","title":{"rendered":"Eastern Company to pilot government\u2019s privatization program, EFG to manage transaction"},"content":{"rendered":"<p><a class=\"content-anchor\" id=\"tldr-story-03\"><\/a> <strong>**#3 Eastern Company to pilot government\u2019s privatization program, EFG to manage sale: <\/strong>EFG Hermes was tapped to manage the first transaction in the state\u2019s reborn privation program, which will see the sale of additional 4.5% stake in cigarette maker Eastern Company on the EGX, Finance Minister Mohamed Maait <a href=\"http:\/\/www.mof.gov.eg\/Arabic\/MOFNews\/Media\/Pages\/release-a-6-9-2018.aspx\">said in a statement on Thursday<\/a>. State-owned investment bank NI Capital said EFG presented the best financial and technical offer for the transaction, which is expected to yield around EGP 2 bn in proceeds. Pharos Holding, Beltone, and HSBC <a href=\"https:\/\/enterprise.press\/stories\/2018\/08\/29\/ni-capital-invites-7-local-investment-banks-to-bid-on-managing-eastern-co-amoc-share-sales\/\">were among the bidders<\/a>.<\/p>\n<p><strong>When is the share sale taking place? <\/strong>The short answer: The Finance Ministry is saying one thing, the Public Enterprises Ministry another. Maait said in the statement that EFG is looking into timing of the sale, while Public Enterprises Minister Hisham Tawfik is adamant that the transaction will take place in October, according to statements <a href=\"http:\/\/www.masrawy.com\/news\/news_economy\/details\/2018\/9\/8\/1423290\/%D9%87%D8%B4%D8%A7%D9%85-%D8%AA%D9%88%D9%81%D9%8A%D9%82-%D9%84%D9%85%D8%B5%D8%B1%D8%A7%D9%88%D9%8A-%D8%B7%D8%B1%D8%AD-%D8%A7%D9%84%D8%B4%D8%B1%D9%82%D9%8A%D8%A9-%D9%84%D9%84%D8%AF%D8%AE%D8%A7%D9%86-%D9%88%D8%A7%D9%84%D8%A5%D8%B3%D9%83%D9%86%D8%AF%D8%B1%D9%8A%D8%A9-%D9%84%D9%84%D8%AD%D8%A7%D9%88%D9%8A%D8%A7%D8%AA-%D9%81%D9%8A-%D8%A3%D9%83%D8%AA%D9%88%D8%A8%D8%B1#sectionListing\">he made to Masrawy<\/a>. Maait <a href=\"https:\/\/enterprise.press\/stories\/2018\/09\/05\/state-privatization-program-to-kick-off-in-october-maait-says\/\">had previously said<\/a> that the program was on track to kick off in October.<\/p>\n<p><strong>Look for the sale to be an accelerated book build. <\/strong>EFG has a rock-solid track record in quickly placing stakes with quality domestic and international investors (cf: the USD 226 mn Humansoft sale this past summer). Our friend Mohamed Ebeid, co-CEO of the investment bank at EFG, <a href=\"https:\/\/enterprise.press\/stories\/2018\/03\/12\/what-to-expect-of-the-governments-ipo-program\/\">told us earlier this year<\/a> that this was the route the government would take: \u201cThey\u2019ve chosen the best route, which is is an accelerated book building program for some of the government stakes in listed equities and trim down the ownership, rather than owning it through multiple vehicles. These state companies are known by investors and covered by research, which is facilitating an accelerated book-building program over a 24-hour window. That would bring a lot of volume to the market.\u201d<\/p>\n<p><strong>Other firms on track for share sale in 4Q2018:<\/strong> Tawfik was also adamant that a share sale in Alexandria Container and Cargo Handling (ACCH) would take place in October, joining Eastern and Heliopolis Housing and Development. ACCH\u2019s share sale <a href=\"https:\/\/enterprise.press\/stories\/2018\/07\/24\/govt-unveils-timeline-of-first-wave-of-state-privatization-program\/\">was originally slated<\/a> to take place in November. Other state-owned companies are still on track to sell more shares on the EGX in 4Q2018,according to Maait. NI Capital is reportedly set to review this week offers from investment banks looking to manage the sale of shares from the Alexandria Minerals and Oils Company, sources close to the matter <a href=\"http:\/\/www.almalnews.com\/Story\/388491\/11\/%D9%81%D8%B6-%D8%A7%D9%84%D9%85%D8%B8%D8%A7%D8%B1%D9%8A%D9%81-%D8%A7%D9%84%D9%81%D9%86%D9%8A%D8%A9-%D9%88%D8%A7%D9%84%D9%85%D8%A7%D9%84%D9%8A%D8%A9-%D9%84%D8%B7%D8%B1%D8%AD-%D8%B4%D8%B1%D9%83%D8%A9-%D8%A3%D9%85%D9%88%D9%83---%D8%A7%EF%BB%B7%D8%B3%D8%A8%D9%88%D8%B9-%D8%A7%D9%84%D9%85%D9%82%D8%A8%D9%84\">told Al Mal<\/a>. EFG is also in the running for the tender, alongside Pharos, HC Securities, and four other investment banks.<\/p>\n<p>On a related note, <strong>Abu Qir Fertilizers, which is also in line to sell shares this year,<\/strong> <strong>is after an EUR 80 mn loan to upgrade its production lines,<\/strong> <a href=\"http:\/\/almalnews.com\/Story\/388449\/11\/%C2%AB%D8%A3%D8%A8%D9%88-%D9%82%D9%8A%D8%B1-%D9%84%D9%84%D8%A3%D8%B3%D9%85%D8%AF%D8%A9%C2%BB-%D8%AA%D8%AA%D9%88%D8%A7%D8%B5%D9%84-%D9%85%D8%B9-3-%D8%A8%D9%86%D9%88%D9%83-%D9%84%D8%AA%D8%AF%D8%A8%D9%8A%D8%B1-80-%D9%85%D9%84%D9%8A%D9%88%D9%86-%D9%8A%D9%88%D8%B1%D9%88\">said Managing Director Saad Abou El Maaty<\/a>. The company has already secured a preliminary approval for the loan from a consortium that includes the National Bank of Egypt and QNB-Egypt, he said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>**#3 Eastern Company to pilot government\u2019s privatization program, EFG to manage sale: EFG Hermes was tapped to manage the first transaction in the state\u2019s reborn privation program, which will see the sale of additional 4.5% stake in cigarette maker Eastern Company on the EGX, Finance Minister Mohamed Maait said in a statement on Thursday. State-owned [&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-624416","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"7198fe62-e4e4-4226-b09b-89ad8c2bd7d4","order":"0","is_powered_by":true,"section_story_id":"bead160b-52a9-498b-b21e-a39ec7c49de3","story_type":"1","photo_url":"","photo_position":"above","related_issue":[624410],"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>Eastern Company to pilot government\u2019s privatization program, EFG to manage transaction - 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\/09\/eastern-company-to-pilot-governments-privatization-program-efg-to-manage-transaction\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Eastern Company to pilot government\u2019s privatization program, EFG to manage transaction\" \/>\n<meta property=\"og:description\" content=\"**#3 Eastern Company to pilot government\u2019s privatization program, EFG to manage sale: EFG Hermes was tapped to manage the first transaction in the state\u2019s reborn privation program, which will see the sale of additional 4.5% stake in cigarette maker Eastern Company on the EGX, Finance Minister Mohamed Maait said in a statement on Thursday. State-owned [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2018\/09\/09\/eastern-company-to-pilot-governments-privatization-program-efg-to-manage-transaction\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2018-09-09T04:11:21+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=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/09\/09\/eastern-company-to-pilot-governments-privatization-program-efg-to-manage-transaction\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/09\/09\/eastern-company-to-pilot-governments-privatization-program-efg-to-manage-transaction\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Eastern Company to pilot government\u2019s privatization program, EFG to manage transaction\",\"datePublished\":\"2018-09-09T04:11:21+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/09\/09\/eastern-company-to-pilot-governments-privatization-program-efg-to-manage-transaction\/\"},\"wordCount\":483,\"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\/09\/eastern-company-to-pilot-governments-privatization-program-efg-to-manage-transaction\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2018\/09\/09\/eastern-company-to-pilot-governments-privatization-program-efg-to-manage-transaction\/\",\"name\":\"Eastern Company to pilot government\u2019s privatization program, EFG to manage transaction - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"datePublished\":\"2018-09-09T04:11:21+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/09\/09\/eastern-company-to-pilot-governments-privatization-program-efg-to-manage-transaction\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2018\/09\/09\/eastern-company-to-pilot-governments-privatization-program-efg-to-manage-transaction\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/09\/09\/eastern-company-to-pilot-governments-privatization-program-efg-to-manage-transaction\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Eastern Company to pilot government\u2019s privatization program, EFG to manage transaction\"}]},{\"@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":"Eastern Company to pilot government\u2019s privatization program, EFG to manage transaction - 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\/09\/eastern-company-to-pilot-governments-privatization-program-efg-to-manage-transaction\/","og_locale":"en_US","og_type":"article","og_title":"Eastern Company to pilot government\u2019s privatization program, EFG to manage transaction","og_description":"**#3 Eastern Company to pilot government\u2019s privatization program, EFG to manage sale: EFG Hermes was tapped to manage the first transaction in the state\u2019s reborn privation program, which will see the sale of additional 4.5% stake in cigarette maker Eastern Company on the EGX, Finance Minister Mohamed Maait said in a statement on Thursday. State-owned [&hellip;]","og_url":"https:\/\/enterpriseam.com\/egypt\/2018\/09\/09\/eastern-company-to-pilot-governments-privatization-program-efg-to-manage-transaction\/","og_site_name":"EnterpriseAM Egypt","article_published_time":"2018-09-09T04:11:21+00:00","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\/2018\/09\/09\/eastern-company-to-pilot-governments-privatization-program-efg-to-manage-transaction\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/2018\/09\/09\/eastern-company-to-pilot-governments-privatization-program-efg-to-manage-transaction\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"Eastern Company to pilot government\u2019s privatization program, EFG to manage transaction","datePublished":"2018-09-09T04:11:21+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2018\/09\/09\/eastern-company-to-pilot-governments-privatization-program-efg-to-manage-transaction\/"},"wordCount":483,"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\/09\/eastern-company-to-pilot-governments-privatization-program-efg-to-manage-transaction\/","url":"https:\/\/enterpriseam.com\/egypt\/2018\/09\/09\/eastern-company-to-pilot-governments-privatization-program-efg-to-manage-transaction\/","name":"Eastern Company to pilot government\u2019s privatization program, EFG to manage transaction - EnterpriseAM Egypt","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/#website"},"datePublished":"2018-09-09T04:11:21+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/egypt\/2018\/09\/09\/eastern-company-to-pilot-governments-privatization-program-efg-to-manage-transaction\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/egypt\/2018\/09\/09\/eastern-company-to-pilot-governments-privatization-program-efg-to-manage-transaction\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/egypt\/2018\/09\/09\/eastern-company-to-pilot-governments-privatization-program-efg-to-manage-transaction\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/egypt\/"},{"@type":"ListItem","position":2,"name":"Eastern Company to pilot government\u2019s privatization program, EFG to manage transaction"}]},{"@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":null,"featured_image_src_square":null,"author_info":{"display_name":"enterpriseam admin","author_link":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":622001,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/11\/25\/egypt-to-hold-off-on-eastern-tobacco-stake-sale-until-the-market-stabilizes-says-efg\/","url_meta":{"origin":624416,"position":0},"title":"Egypt to hold off on Eastern Tobacco stake sale until the market stabilizes, says EFG","author":"enterpriseam admin","date":"25 November 2018","format":false,"excerpt":"IPO WATCH - No Eastern Tobacco stake sale until the market stabilizes, says EFG: The state will not proceed with the sale of an additional 4.5% stake in the Eastern Tobacco Company on the EGX until the market stabilizes, EFG Hermes\u2019 Investment Banking Co-Head Moustafa Gad told Masrawy. Gad acknowledged\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":624650,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/09\/16\/govt-expects-egp-2-8-bn-in-proceeds-from-sale-of-20-stake-in-amoc-hsbc-confirmed-as-manager\/","url_meta":{"origin":624416,"position":1},"title":"Gov\u2019t expects EGP 2.8 bn in proceeds from sale of 20% stake in AMOC; HSBC confirmed as manager","author":"enterpriseam admin","date":"16 September 2018","format":false,"excerpt":"**#5 IPO WATCH- Gov\u2019t expects EGP 2.8 bn in proceeds from sale of 20% stake in AMOC; HSBC confirmed as manager: The government is hoping to raise EGP 2.8 bn from the sale of a 20% stake of the Alexandria Mineral Oils Company (AMOC) on the EGX, according to a\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":621846,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/11\/19\/egypts-eastern-tobacco-stake-sale-is-in-the-offing-as-share-price-recovers\/","url_meta":{"origin":624416,"position":2},"title":"Egypt\u2019s Eastern Tobacco stake sale is \u201cin the offing\u201d as share price recovers","author":"enterpriseam admin","date":"19 November 2018","format":false,"excerpt":"IPO WATCH- Eastern Tobacco stake sale is \u201cin the offing\u201d as share price recovers: The sale by the state of an additional 4.5% stake in the Eastern Tobacco Company on the EGX is \u201cin the offing,\u201d Public Enterprises Minister Hisham Tawfik said yesterday, according to Al Mal. Tawfik did not\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":624711,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/09\/17\/matouk-bassiouny-chosen-as-legal-counsel-in-eastern-sale\/","url_meta":{"origin":624416,"position":3},"title":"Matouk Bassiouny chosen as legal counsel in Eastern sale","author":"enterpriseam admin","date":"17 September 2018","format":false,"excerpt":"**#5 EXCLUSIVE- Matouk Bassiouny wins mandate on Eastern sale: Law firm Matouk Bassiouny has been chosen to act as legal counsel on the 4.5% stake sale of Eastern Company, a Finance Ministry source told Enterprise. The news has yet to be made official. EFG Hermes was tapped earlier this month\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":627244,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/07\/26\/hhd-hires-ni-capital-to-manage-october-stake-sale-on-egx\/","url_meta":{"origin":624416,"position":4},"title":"HHD hires NI Capital to manage October stake sale on EGX","author":"enterpriseam admin","date":"26 July 2018","format":false,"excerpt":"HHD hires NI Capital to manage October stake sale on EGX: Heliopolis for Housing and Development (HHD) chose state-owned investment bank NI Capital to manage the sale of additional company shares on the EGX in October under the state\u2019s privatization program. HHD canceled plans for an international tender for banks\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":627042,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/07\/18\/govt-names-five-companies-to-pilot-privatization-program\/","url_meta":{"origin":624416,"position":5},"title":"Gov\u2019t names five companies to pilot privatization program","author":"enterpriseam admin","date":"18 July 2018","format":false,"excerpt":"Gov\u2019t names five companies to pilot privatization program: The Madbouly Cabinet announced the five state companies that will pilot the state privatization program on Tuesday. Alexandria Mineral Oils Company (AMOC), Eastern Tobacco, Alexandria Container and Cargo Handling, Abou Kir Fertilizers, and Heliopolis Housing will lead the program, according to a\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\/624416","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=624416"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/624416\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/624410"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=624416"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=624416"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=624416"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=624416"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=624416"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}