{"id":625399,"date":"2018-08-05T04:14:17","date_gmt":"2018-08-05T04:14:17","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/08\/05\/ni-capital-to-manage-another-stake-sale-of-the-privatization-program\/"},"modified":"2018-08-05T04:14:17","modified_gmt":"2018-08-05T04:14:17","slug":"ni-capital-to-manage-another-stake-sale-of-the-privatization-program","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/08\/05\/ni-capital-to-manage-another-stake-sale-of-the-privatization-program\/","title":{"rendered":"NI Capital to manage another stake sale of the privatization program"},"content":{"rendered":"

<\/a> NI Capital to manage another stake sale of the privatization program:<\/strong> The Holding Company For Maritime & Land Transport has tapped state-owned NI Capital to manage the sale of 30% of subsidiary Alexandria Container and Cargo Handling (ACCH) as part of the state\u2019s privatization program, according to a company statement<\/a>. ACCH is expected to sell the additional shares on the EGX in November, according to previous statements<\/a> by Public Enterprises Minister Hisham Tawfik. This is the second share sale of the program to be managed by NI Capital after Heliopolis for Housing and Development (HHD) chose it<\/a> to manage its 32.25% share sale in October.<\/p>\n

Where does this leave private sector advisers? <\/strong>Past announcements by the government had heavily implied that private sector investment banks would take part in the state privatization program. Yet as the short deadline to sell shares approaches, it appears that NI Capital will have a larger role than initially anticipated out of convenience, despite reports of private sector offers. On the other side of the equation, Chemical Industries Holding Company (CIHC) Chairman Emad El Din Mostafa had said that NI Capital was organizing a limited tender<\/a> for private sector banks to manage the share sales in Eastern Company and Abu Qir Fertilizers, which take place soon. It is still unknown who the government has in mind to advise on the sale of shares in Alexandria Mineral Oils Company (AMOC), the fifth company piloting the program.<\/p>\n","protected":false},"excerpt":{"rendered":"

NI Capital to manage another stake sale of the privatization program: The Holding Company For Maritime & Land Transport has tapped state-owned NI Capital to manage the sale of 30% of subsidiary Alexandria Container and Cargo Handling (ACCH) as part of the state\u2019s privatization program, according to a company statement. ACCH is expected to sell […]<\/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-625399","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"394cd775-5ba9-487d-b4c9-1a477d2ea670","order":"0","is_powered_by":true,"section_story_id":"29c7745c-3902-4022-a16f-86fd636c1a28","story_type":"1","photo_url":"","photo_position":"above","related_issue":[625392],"teaser":"","voice_url":""},"yoast_head":"\nNI Capital to manage another stake sale of the privatization program - 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\/08\/05\/ni-capital-to-manage-another-stake-sale-of-the-privatization-program\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"NI Capital to manage another stake sale of the privatization program\" \/>\n<meta property=\"og:description\" content=\"NI Capital to manage another stake sale of the privatization program: The Holding Company For Maritime & Land Transport has tapped state-owned NI Capital to manage the sale of 30% of subsidiary Alexandria Container and Cargo Handling (ACCH) as part of the state\u2019s privatization program, according to a company statement. ACCH is expected to sell […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2018\/08\/05\/ni-capital-to-manage-another-stake-sale-of-the-privatization-program\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2018-08-05T04:14:17+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\/08\/05\/ni-capital-to-manage-another-stake-sale-of-the-privatization-program\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/08\/05\/ni-capital-to-manage-another-stake-sale-of-the-privatization-program\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"NI Capital to manage another stake sale of the privatization program\",\"datePublished\":\"2018-08-05T04:14:17+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/08\/05\/ni-capital-to-manage-another-stake-sale-of-the-privatization-program\/\"},\"wordCount\":249,\"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\/08\/05\/ni-capital-to-manage-another-stake-sale-of-the-privatization-program\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2018\/08\/05\/ni-capital-to-manage-another-stake-sale-of-the-privatization-program\/\",\"name\":\"NI Capital to manage another stake sale of the privatization program - 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The sources noted that banks that were\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":624859,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/09\/20\/ni-capital-issues-tender-for-management-of-acch-stake-sale\/","url_meta":{"origin":625399,"position":1},"title":"NI Capital issues tender for management of ACCH stake sale","author":"enterpriseam admin","date":"20 September 2018","format":false,"excerpt":"NI Capital looking for bankers to lead ACCH stake sale: State-owned investment bank NI Capital issued a tender yesterday that will see it hire a manager for the sale of additional stake from the Alexandria Containers & Cargo Handling (ACCH) on the EGX this year, the bank\u2019s CEO Ashraf Ghazaly\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":622427,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/10\/01\/seven-reported-bidders-for-alex-containers-stake-sale\/","url_meta":{"origin":625399,"position":2},"title":"Seven reported bidders for Alex Containers stake sale","author":"enterpriseam admin","date":"1 October 2018","format":false,"excerpt":"Seven bidders for Alex Containers stake sale: Seven investment banks and consortiums submitted last week their bids to quarterback the upcoming sale of an additional stake in state-owned Alexandria Containers & Cargo Handling (ACCH), unidentified sources tell Al Mal. The newspaper claims the bidders include: Pharos HoldingArqaam CapitalHC SecuritiesHSBCEFG Hermes\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":599934,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/01\/15\/efg-hermes-citi-consortium-snags-advisory-role-in-acch-share-sale\/","url_meta":{"origin":625399,"position":3},"title":"EFG Hermes-Citi consortium snags advisory role in ACCH share sale","author":"enterpriseam admin","date":"15 January 2019","format":false,"excerpt":"EFG Hermes-Citi consortium to run ACCH stake sale: A consortium formed by EFG Hermes and Citi has reportedly won the mandate to run the sale of an additional stake of Alexandria Container and Cargo Handling as part of the state privatization program, a government official told Reuters. The winning consortium,\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\/2019\/1\/2134.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":598741,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/06\/03\/abu-qir-to-sell-stake-after-eid-as-part-of-egypts-privatization-program\/","url_meta":{"origin":625399,"position":4},"title":"Abu Qir to sell stake after Eid as part of Egypt\u2019s privatization program","author":"enterpriseam admin","date":"3 June 2019","format":false,"excerpt":"Abu Qir stake sale to take place after Eid El Fitr: The government could sell as much as 20% of Abu Qir Fertilizers via an accelerated book build on the EGX shortly after the Eid El Fitr break, Al Mal reports, citing unnamed sources. The final decision of the exact\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\/2020\/2\/259.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":625741,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/08\/14\/acch-approves-stock-split-ahead-of-november-stake-sale\/","url_meta":{"origin":625399,"position":5},"title":"ACCH approves stock split ahead of November stake sale","author":"enterpriseam admin","date":"14 August 2018","format":false,"excerpt":"ACCH approves stock split ahead of November stake sale: State-owned Alexandria Container and Cargo Handling\u2019s (ACCH) EGM approved yesterday a 10:1 stock split ahead of its planned stake sale, Al Masry Al Youm reports. ACCH is one of five companies piloting the state privatization program. 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