{"id":628570,"date":"2018-05-08T04:12:37","date_gmt":"2018-05-08T04:12:37","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/05\/08\/el-rashidy-el-asly-revives-ipo-plans\/"},"modified":"2018-05-08T04:12:37","modified_gmt":"2018-05-08T04:12:37","slug":"el-rashidy-el-asly-revives-ipo-plans","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/05\/08\/el-rashidy-el-asly-revives-ipo-plans\/","title":{"rendered":"El Rashidy El Asly revives IPO plans"},"content":{"rendered":"<p><a class=\"content-anchor\" id=\"tldr-story-04\"><\/a> <strong>IPO WATCH- El Rashidy El Asly revives IPO plans:<\/strong> Confectioner REMD El Rashidy El Asly is planning an IPO of 20% of the company\u2019s shares on the EGX next year, Managing Director Mohamed Kandil said, <a href=\"https:\/\/www.youm7.com\/story\/2018\/5\/8\/%D8%B1%D9%85%D9%8A%D8%AF-%D9%84%D9%84%D8%B5%D9%86%D8%A7%D8%B9%D8%A7%D8%AA-%D8%A7%D9%84%D8%BA%D8%B0%D8%A7%D8%A6%D9%8A%D8%A9-%D8%AA%D8%A8%D8%AD%D8%AB-%D8%B9%D9%86-%D9%81%D8%B1%D8%B5-%D8%A7%D8%B3%D8%AA%D8%AB%D9%85%D8%A7%D8%B1%D9%8A%D8%A9-%D9%88%D8%AA%D8%AE%D8%B7%D8%B7-%D9%84%D9%84%D9%82%D9%8A%D8%AF-%D8%A8%D8%A7%D9%84%D8%A8%D9%88%D8%B1%D8%B5%D8%A9\/3782568\">according to Youm7<\/a>. The listing will come through a sale by a majority shareholder, who we\u2019re taking to be UK-based frontier markets private equity firm Silk Invest. The listing will be used to fund potential acquisitions, said Kandil, adding that the company is not against a possible merger with a larger food company. The company had announced <a href=\"https:\/\/enterprise.press\/stories\/2016\/05\/16\/al-rashidy-al-asly-plans-to-ipo-next-year\/\">plans to list back in 2016<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>IPO WATCH- El Rashidy El Asly revives IPO plans: Confectioner REMD El Rashidy El Asly is planning an IPO of 20% of the company\u2019s shares on the EGX next year, Managing Director Mohamed Kandil said, according to Youm7. The listing will come through a sale by a majority shareholder, who we\u2019re taking to be UK-based [&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-628570","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"3a075f99-5566-432a-9869-6c4aa4f4e24c","order":"0","is_powered_by":true,"section_story_id":"3b49aff1-038a-4570-b2d6-44b5736c268c","story_type":"1","photo_url":"","photo_position":"above","related_issue":[628561],"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>El Rashidy El Asly revives IPO plans - 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\/05\/08\/el-rashidy-el-asly-revives-ipo-plans\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"El Rashidy El Asly revives IPO plans\" \/>\n<meta property=\"og:description\" content=\"IPO WATCH- El Rashidy El Asly revives IPO plans: Confectioner REMD El Rashidy El Asly is planning an IPO of 20% of the company\u2019s shares on the EGX next year, Managing Director Mohamed Kandil said, according to Youm7. 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