{"id":628187,"date":"2018-06-27T04:15:30","date_gmt":"2018-06-27T04:15:30","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/06\/27\/fra-signs-off-on-mondi-acquisition-of-suez-bags\/"},"modified":"2018-06-27T04:15:30","modified_gmt":"2018-06-27T04:15:30","slug":"fra-signs-off-on-mondi-acquisition-of-suez-bags","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/06\/27\/fra-signs-off-on-mondi-acquisition-of-suez-bags\/","title":{"rendered":"FRA signs off on Mondi acquisition of Suez Bags"},"content":{"rendered":"

M&A WATCH- FRA signs off on Mondi acquisition of Suez Bags:<\/strong> 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<\/a>. Mondi will buy 7,666,435 shares at a price of EGP 26.01 per share, pricing the transaction at EGP 199.4 mn. Mondi Paper Sales parent company, the London- and Johannesburg-listed Mondi Group, has been on a buying spree in Egypt. The firm the acquisition of 100% of Egyptian industrial bags maker National Company for Paper Products (NPP) for EUR 24 mn (EGP 510 mn) earlier this week.<\/p>\n","protected":false},"excerpt":{"rendered":"

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. Mondi will buy 7,666,435 shares at a price of EGP 26.01 per share, pricing the transaction at EGP […]<\/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-628187","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"e01ee1fd-6dd6-4f40-8fbb-afb90f8d15da","order":"0","is_powered_by":true,"section_story_id":"895cf440-5c99-45af-89e4-bd62fc3392bb","story_type":"1","photo_url":"","photo_position":"above","related_issue":[628175],"teaser":"","voice_url":""},"yoast_head":"\nFRA signs off on Mondi acquisition of Suez Bags - 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\/27\/fra-signs-off-on-mondi-acquisition-of-suez-bags\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"FRA signs off on Mondi acquisition of Suez Bags\" \/>\n<meta property=\"og:description\" content=\"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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The transaction received regulatory\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":628187,"position":1},"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":625402,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/08\/05\/mondi-completes-suez-bags-acquisition\/","url_meta":{"origin":628187,"position":2},"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":628265,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/06\/28\/mondi-plans-to-delist-suez-bags-once-acquisition-is-complete\/","url_meta":{"origin":628187,"position":3},"title":"Mondi plans to delist Suez Bags once acquisition is complete","author":"enterpriseam admin","date":"28 June 2018","format":false,"excerpt":"M&A WATCH- Mondi Paper Sales is reportedly planning to delist Suez Bags from the EGX after it completes the acquisition of a 70.1% stake in the company, Al Mal reports, providing no reason for the decision. 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":633038,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/02\/26\/mondi-applies-for-fra-approval-of-mto-to-acquire-suez-bags\/","url_meta":{"origin":628187,"position":4},"title":"Mondi applies for FRA approval of MTO to acquire Suez Bags","author":"enterpriseam admin","date":"26 February 2018","format":false,"excerpt":"M&A WATCH- Mondi Paper Sales applied for Financial Regulatory Authority (FRA) approval of a mandatory tender offer to acquire the remaining 70.1% stake in Suez Bags, according to a FRA statement on Sunday (pdf). Mondi plans to acquire 7.7 mn shares for for EGP 26.01 per share, valuing the transaction\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":628046,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/06\/24\/mondi-completes-acquisition-of-npp\/","url_meta":{"origin":628187,"position":5},"title":"Mondi completes acquisition of NPP","author":"enterpriseam admin","date":"24 June 2018","format":false,"excerpt":"M&A WATCH- Mondi completes acquisition of NPP: London- and Johannesburg-listed Mondi Group has completed the acquisition of 100% of Egyptian industrial bags maker National Company for Paper Products (NPP) for EUR 24 mn (EGP 510 mn), Mondi said in a press release on Wednesday. \u201cWe are excited to have completed\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\/628187","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=628187"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/628187\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/628175"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=628187"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=628187"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=628187"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=628187"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=628187"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}