{"id":624541,"date":"2018-09-12T04:02:35","date_gmt":"2018-09-12T04:02:35","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/09\/12\/helwan-cement-agrees-to-sell-minya-plant-to-emaar-industries\/"},"modified":"2018-09-12T04:02:35","modified_gmt":"2018-09-12T04:02:35","slug":"helwan-cement-agrees-to-sell-minya-plant-to-emaar-industries","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/09\/12\/helwan-cement-agrees-to-sell-minya-plant-to-emaar-industries\/","title":{"rendered":"Helwan Cement agrees to sell Minya plant to Emaar Industries"},"content":{"rendered":"

<\/a> **#8 M&A WATCH- Suez Cement to sell Minya white cement plant to Emaar Industries: <\/strong>Suez Cement subsidiary Helwan Cement has agreed to sell its white cement plant in Minya to Emaar Industries, the company said in a statement (pdf)<\/a>. The transaction comes as Suez Cement looks to continue to bolster its financial position under and ongoing restructuring plan, the statement suggests. \u201cWe are delighted to have signed the SPA on the sale of the white cement plant in El Minya which is in line with the Company and Heidelberg\u2019s strategy to focus on its core operations, grey cement production and divest non-core operations yielding attractive returns to our shareholders,\u201d our friend Jose Maria Magrina, CEO of Suez Cement, said in the statement. The sale is pending approval from the Financial Regulatory Authority and Suez Cement\u2019s general assembly. The statement did not put a value on the sale.<\/p>\n

Advisers: <\/strong>Suez Cement was advised by EFG Hermes (financial advisor) and Zulficar and Partners (legal counsel).<\/p>\n","protected":false},"excerpt":{"rendered":"

**#8 M&A WATCH- Suez Cement to sell Minya white cement plant to Emaar Industries: Suez Cement subsidiary Helwan Cement has agreed to sell its white cement plant in Minya to Emaar Industries, the company said in a statement (pdf). The transaction comes as Suez Cement looks to continue to bolster its financial position under and […]<\/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-624541","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"d891810b-e3eb-4aa9-9ac5-1e3a1e5b0ef3","order":"0","is_powered_by":true,"section_story_id":"c91d8fec-9804-490e-95a5-2c15bc75f652","story_type":"1","photo_url":"","photo_position":"above","related_issue":[624525],"teaser":"","voice_url":""},"yoast_head":"\nHelwan Cement agrees to sell Minya plant to Emaar Industries - 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\/12\/helwan-cement-agrees-to-sell-minya-plant-to-emaar-industries\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Helwan Cement agrees to sell Minya plant to Emaar Industries\" \/>\n<meta property=\"og:description\" content=\"**#8 M&A WATCH- Suez Cement to sell Minya white cement plant to Emaar Industries: Suez Cement subsidiary Helwan Cement has agreed to sell its white cement plant in Minya to Emaar Industries, the company said in a statement (pdf). The transaction comes as Suez Cement looks to continue to bolster its financial position under and […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2018\/09\/12\/helwan-cement-agrees-to-sell-minya-plant-to-emaar-industries\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2018-09-12T04:02:35+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\/12\/helwan-cement-agrees-to-sell-minya-plant-to-emaar-industries\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/09\/12\/helwan-cement-agrees-to-sell-minya-plant-to-emaar-industries\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Helwan Cement agrees to sell Minya plant to Emaar Industries\",\"datePublished\":\"2018-09-12T04:02:35+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/09\/12\/helwan-cement-agrees-to-sell-minya-plant-to-emaar-industries\/\"},\"wordCount\":175,\"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\/12\/helwan-cement-agrees-to-sell-minya-plant-to-emaar-industries\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2018\/09\/12\/helwan-cement-agrees-to-sell-minya-plant-to-emaar-industries\/\",\"name\":\"Helwan Cement agrees to sell Minya plant to Emaar Industries - 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Helwan Cement\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":600090,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/01\/20\/egypts-helwan-cement-to-sell-white-plant-to-emaar-for-egp-694-5-mn\/","url_meta":{"origin":624541,"position":2},"title":"Egypt\u2019s Helwan Cement to sell white plant to Emaar for EGP 694.5 mn","author":"enterpriseam admin","date":"20 January 2019","format":false,"excerpt":"M&A WATCH- Helwan Cement to sell white plant to Emaar for EGP 694.5 mn: Helwan Cement reached an agreement to sell its white cement plant to Emaar Industries for EGP 694.5 mn, according to a bourse filing (pdf) by its parent company Suez Cement on Thursday. 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The company will be working on determining the legal and financial framework and setting a timeline for the transaction before bringing the matter to the\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":622761,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/10\/11\/zulficar-partners-tapped-as-legal-counsel-on-eastern-tobacco-sale\/","url_meta":{"origin":624541,"position":5},"title":"Zulficar & Partners tapped as legal counsel on Eastern Tobacco sale","author":"enterpriseam admin","date":"11 October 2018","format":false,"excerpt":"** #4 EXCLUSIVE- IPO WATCH- Zulficar & Partners tapped as legal counsel on Eastern sale: Zulficar & Partners has been chosen to act as legal counsel to Eastern Company on the sale of a 4.5% stake in the state-owned tobacco maker, a source close to the transaction told Enterprise on\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":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/624541","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=624541"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/624541\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/624525"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=624541"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=624541"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=624541"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=624541"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=624541"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}