{"id":627501,"date":"2018-06-04T04:06:40","date_gmt":"2018-06-04T04:06:40","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/06\/04\/mondi-in-final-stages-of-suez-bags-acquisition\/"},"modified":"2018-06-04T04:06:40","modified_gmt":"2018-06-04T04:06:40","slug":"mondi-in-final-stages-of-suez-bags-acquisition","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/06\/04\/mondi-in-final-stages-of-suez-bags-acquisition\/","title":{"rendered":"Mondi in final stages of Suez Bags acquisition"},"content":{"rendered":"

M&A WATCH- Mondi in final stages of Suez Bags acquisition:<\/strong> Mondi Paper Sales has nearly finished its acquisition of a 70.1% stake in Suez Bags in a transaction valued at EGP 300-400 mn, Zaki Hashem law office Senior Partner Yasser Hashem tells Al Masry Al Youm<\/a>. The transaction received regulatory approval and is awaiting security clearance, he said. Mondi had submitted a mandatory tender offer back in February<\/a> to acquire 7.7 mn shares in Suez Bags at EGP 26.01 per share, which put the transaction at EGP 199.4 mn. The company had originally acquired stake<\/a> in Suez Bags from Heidelberg Cement subsidiaries Suez Cement and Tourah Cement in a separate transaction. Zaki Hashem and Partners was tapped as legal counsel. Mondi is also in the process of acquiring<\/a> 100% of the National Company for Paper Products for USD 28.75 mn (c. EGP 500 mn).<\/p>\n","protected":false},"excerpt":{"rendered":"

M&A WATCH- Mondi in final stages of Suez Bags acquisition: Mondi Paper Sales has nearly finished its acquisition of a 70.1% stake in Suez Bags in a transaction valued at EGP 300-400 mn, Zaki Hashem law office Senior Partner Yasser Hashem tells Al Masry Al Youm. The transaction received regulatory approval and is awaiting security […]<\/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-627501","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"82369d55-1a57-44b2-a5ea-9fbf3a571462","order":"0","is_powered_by":true,"section_story_id":"68b09fd8-59cf-4920-96ab-ca12c80f74c4","story_type":"1","photo_url":"","photo_position":"above","related_issue":[627489],"teaser":"","voice_url":""},"yoast_head":"\nMondi in final stages of Suez Bags acquisition - 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\/06\/04\/mondi-in-final-stages-of-suez-bags-acquisition\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Mondi in final stages of Suez Bags acquisition\" \/>\n<meta property=\"og:description\" content=\"M&A WATCH- Mondi in final stages of Suez Bags acquisition: Mondi Paper Sales has nearly finished its acquisition of a 70.1% stake in Suez Bags in a transaction valued at EGP 300-400 mn, Zaki Hashem law office Senior Partner Yasser Hashem tells Al Masry Al Youm. The transaction received regulatory approval and is awaiting security […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2018\/06\/04\/mondi-in-final-stages-of-suez-bags-acquisition\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2018-06-04T04:06:40+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\/06\/04\/mondi-in-final-stages-of-suez-bags-acquisition\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/06\/04\/mondi-in-final-stages-of-suez-bags-acquisition\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Mondi in final stages of Suez Bags acquisition\",\"datePublished\":\"2018-06-04T04:06:40+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/06\/04\/mondi-in-final-stages-of-suez-bags-acquisition\/\"},\"wordCount\":146,\"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\/06\/04\/mondi-in-final-stages-of-suez-bags-acquisition\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2018\/06\/04\/mondi-in-final-stages-of-suez-bags-acquisition\/\",\"name\":\"Mondi in final stages of Suez Bags acquisition - 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The Financial Regulatory Authority had signed off this week on Mondy\u2019s mandatory tender offer\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":625402,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/08\/05\/mondi-completes-suez-bags-acquisition\/","url_meta":{"origin":627501,"position":1},"title":"Mondi completes Suez Bags acquisition","author":"enterpriseam admin","date":"5 August 2018","format":false,"excerpt":"M&A WATCH- Mondi completes Suez Bags acquisition. The EGX announced on Thursday that Mondi Paper Sales completed its acquisition of Suez Bags, having bought 7.23 mn shares at EGP 26.01 per share in a EGP 188.1 mn transaction, Al Mal reports, citing a bourse statement. The offer price valued 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":645399,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/07\/19\/suez-bags-receives-acquisition-offer-from-mondi-group\/","url_meta":{"origin":627501,"position":2},"title":"Suez Bags receives acquisition offer from Mondi Group","author":"enterpriseam admin","date":"19 July 2017","format":false,"excerpt":"M&A WATCH- Suez Bags is reportedly an acquisition target, sources close to the transaction tell Al Borsa. The company \u2014 a subsidiary of Suez Cement \u2014 has received two competing bids, one of which reportedly comes from international packaging and paper firm Mondi. Sources did not disclose the second bidder.\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":627246,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/07\/26\/pharos-acts-as-broker-for-mondis-acquisition-of-suez-bags\/","url_meta":{"origin":627501,"position":3},"title":"Pharos acts as broker for Mondi\u2019s acquisition of Suez Bags","author":"enterpriseam admin","date":"26 July 2018","format":false,"excerpt":"M&A WATCH- Mondi to complete MTO of Suez Bags next week: Mondi Paper Sales plans to complete its mandatory tender offer to acquire a 70.1% stake in Suez Bags by 31 July as per the deadline set by the Financial Regulatory Authority, our friend and Pharos Holding Managing Director Essam\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":628187,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/06\/27\/fra-signs-off-on-mondi-acquisition-of-suez-bags\/","url_meta":{"origin":627501,"position":4},"title":"FRA signs off on Mondi acquisition of Suez Bags","author":"enterpriseam admin","date":"27 June 2018","format":false,"excerpt":"M&A WATCH- FRA signs off on Mondi acquisition of Suez Bags: The Financial Regulatory Authority (FRA) gave its official blessing to Mondi\u2019s acquisition of a 70.1% stake in Suez Bags, according to an EGX notice on Tuesday. 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