{"id":630838,"date":"2018-03-04T04:11:13","date_gmt":"2018-03-04T04:11:13","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/03\/04\/ebrd-wants-to-buy-into-state-owned-banks-ipo\/"},"modified":"2018-03-04T04:11:13","modified_gmt":"2018-03-04T04:11:13","slug":"ebrd-wants-to-buy-into-state-owned-banks-ipo","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/03\/04\/ebrd-wants-to-buy-into-state-owned-banks-ipo\/","title":{"rendered":"EBRD wants to buy into state-owned banks IPO"},"content":{"rendered":"

<\/a> IPO WATCH- EBRD wants to buy IPO of state-owned banks: <\/strong>The European Bank for Reconstruction and Development (EBRD) is looking to acquire stakes in national banks that will list as part of the state IPO program, EBRD Managing Director for the Southern and Eastern Mediterranean Janet Heckman tells Egypt Today in an interview<\/a>. The investments would help spur interest in the IPO program, Heckman says. She noted that the EBRD doesn\u2019t usually acquire stakes over 25%. Heckman also confirmed prior statements by bank officials<\/a> that the EBRD is planning to invest upwards of EUR 1 bn this year. As we noted last week<\/a>, the IPO of Banque du Caire \u2014 the first state bank to list \u2014 won\u2019t take place before 4Q2018.<\/p>\n

We eagerly await the timeline for the program, which is expected to be announced this week<\/strong>, based on previous statements<\/a> by Vice Minister of Finance Ahmed Kouchouk. Officials are nearing the end of their preparations for listing up to 24% of state energy firm Enppi, which is meant to kick off the program, according to Oil Minister Tarek El Molla<\/a>. Enppi\u2019s IPO has been slated for<\/a> the end of 2018 after several postponements.<\/p>\n","protected":false},"excerpt":{"rendered":"

IPO WATCH- EBRD wants to buy IPO of state-owned banks: The European Bank for Reconstruction and Development (EBRD) is looking to acquire stakes in national banks that will list as part of the state IPO program, EBRD Managing Director for the Southern and Eastern Mediterranean Janet Heckman tells Egypt Today in an interview. The investments […]<\/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-630838","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"2303015c-1640-4eee-b07a-528564656b69","order":"0","is_powered_by":true,"section_story_id":"b250893e-7eca-4a44-a21c-e09876beff22","story_type":"1","photo_url":"","photo_position":"above","related_issue":[630827],"teaser":"","voice_url":""},"yoast_head":"\nEBRD wants to buy into state-owned banks IPO - 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\/03\/04\/ebrd-wants-to-buy-into-state-owned-banks-ipo\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"EBRD wants to buy into state-owned banks IPO\" \/>\n<meta property=\"og:description\" content=\"IPO WATCH- EBRD wants to buy IPO of state-owned banks: The European Bank for Reconstruction and Development (EBRD) is looking to acquire stakes in national banks that will list as part of the state IPO program, EBRD Managing Director for the Southern and Eastern Mediterranean Janet Heckman tells Egypt Today in an interview. The investments […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2018\/03\/04\/ebrd-wants-to-buy-into-state-owned-banks-ipo\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2018-03-04T04:11:13+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\/03\/04\/ebrd-wants-to-buy-into-state-owned-banks-ipo\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/03\/04\/ebrd-wants-to-buy-into-state-owned-banks-ipo\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"EBRD wants to buy into state-owned banks IPO\",\"datePublished\":\"2018-03-04T04:11:13+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/03\/04\/ebrd-wants-to-buy-into-state-owned-banks-ipo\/\"},\"wordCount\":200,\"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\/03\/04\/ebrd-wants-to-buy-into-state-owned-banks-ipo\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2018\/03\/04\/ebrd-wants-to-buy-into-state-owned-banks-ipo\/\",\"name\":\"EBRD wants to buy into state-owned banks IPO - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"datePublished\":\"2018-03-04T04:11:13+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/03\/04\/ebrd-wants-to-buy-into-state-owned-banks-ipo\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2018\/03\/04\/ebrd-wants-to-buy-into-state-owned-banks-ipo\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/03\/04\/ebrd-wants-to-buy-into-state-owned-banks-ipo\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"EBRD wants to buy into state-owned banks IPO\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"name\":\"EnterpriseAM\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\",\"name\":\"EnterpriseAM\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/240894.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/240894.svg\",\"caption\":\"EnterpriseAM\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\",\"name\":\"enterpriseam admin\",\"sameAs\":[\"http:\/\/enterpriseam.testing.projectsarea.com\"],\"url\":\"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"EBRD wants to buy into state-owned banks IPO - EnterpriseAM Egypt","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/egypt\/2018\/03\/04\/ebrd-wants-to-buy-into-state-owned-banks-ipo\/","og_locale":"en_US","og_type":"article","og_title":"EBRD wants to buy into state-owned banks IPO","og_description":"IPO WATCH- EBRD wants to buy IPO of state-owned banks: The European Bank for Reconstruction and Development (EBRD) is looking to acquire stakes in national banks that will list as part of the state IPO program, EBRD Managing Director for the Southern and Eastern Mediterranean Janet Heckman tells Egypt Today in an interview. The investments […]","og_url":"https:\/\/enterpriseam.com\/egypt\/2018\/03\/04\/ebrd-wants-to-buy-into-state-owned-banks-ipo\/","og_site_name":"EnterpriseAM Egypt","article_published_time":"2018-03-04T04:11:13+00:00","author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/egypt\/2018\/03\/04\/ebrd-wants-to-buy-into-state-owned-banks-ipo\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/2018\/03\/04\/ebrd-wants-to-buy-into-state-owned-banks-ipo\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"EBRD wants to buy into state-owned banks IPO","datePublished":"2018-03-04T04:11:13+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2018\/03\/04\/ebrd-wants-to-buy-into-state-owned-banks-ipo\/"},"wordCount":200,"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\/03\/04\/ebrd-wants-to-buy-into-state-owned-banks-ipo\/","url":"https:\/\/enterpriseam.com\/egypt\/2018\/03\/04\/ebrd-wants-to-buy-into-state-owned-banks-ipo\/","name":"EBRD wants to buy into state-owned banks IPO - EnterpriseAM Egypt","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/#website"},"datePublished":"2018-03-04T04:11:13+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/egypt\/2018\/03\/04\/ebrd-wants-to-buy-into-state-owned-banks-ipo\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/egypt\/2018\/03\/04\/ebrd-wants-to-buy-into-state-owned-banks-ipo\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/egypt\/2018\/03\/04\/ebrd-wants-to-buy-into-state-owned-banks-ipo\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/egypt\/"},{"@type":"ListItem","position":2,"name":"EBRD wants to buy into state-owned banks IPO"}]},{"@type":"WebSite","@id":"https:\/\/enterpriseam.com\/egypt\/#website","url":"https:\/\/enterpriseam.com\/egypt\/","name":"EnterpriseAM","description":"The State of the Nation","publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/enterpriseam.com\/egypt\/#organization","name":"EnterpriseAM","url":"https:\/\/enterpriseam.com\/egypt\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/","url":"https:\/\/ent.news\/internal\/240894.svg","contentUrl":"https:\/\/ent.news\/internal\/240894.svg","caption":"EnterpriseAM"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d","name":"enterpriseam admin","sameAs":["http:\/\/enterpriseam.testing.projectsarea.com"],"url":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"}]}},"featured_image_src":null,"featured_image_src_square":null,"author_info":{"display_name":"enterpriseam admin","author_link":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":604612,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/12\/09\/international-financial-institutions-looking-at-banque-du-caire-ipo\/","url_meta":{"origin":630838,"position":0},"title":"International financial institutions looking at Banque du Caire IPO","author":"enterpriseam admin","date":"9 December 2018","format":false,"excerpt":"IPO WATCH- Four international financial institutions are looking to buy stakes in Banque du Caire as soon as its IPO is announced, CEOTarek Fayed said on the sidelines of the Africa 2018 Forum in Sharm El Sheikh. Fayed said he expects the IPO to take place in 2019, but said\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":569786,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/03\/08\/ebrd-reportedly-interested-in-banque-du-caire-stake\/","url_meta":{"origin":630838,"position":1},"title":"EBRD reportedly interested in Banque du Caire stake","author":"enterpriseam admin","date":"8 March 2020","format":false,"excerpt":"PRIVATIZATION WATCH- EBRD still interested in Banque du Caire stake: The European Bank for Reconstruction and Development has joined the Sovereign Fund of Egypt and Abu Dhabi Development Holding as the latest to show interest in Banque du Caire\u2019s planned IPO on the EGX, Bloomberg reports, quoting unnamed sources. Janet\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":604723,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/12\/11\/ebrd-to-invest-eur-2-5-bn-in-egypt-over-two-years\/","url_meta":{"origin":630838,"position":2},"title":"EBRD to invest EUR 2.5 bn in Egypt over two years","author":"enterpriseam admin","date":"11 December 2018","format":false,"excerpt":"INVESTMENT WATCH- EBRD to invest EUR 2.5 bn in Egypt over two years: The European Bank for Reconstruction and Development (EBRD) is planning to commit up to EUR 2.5 bn-worth of projects in Egypt over the next two years, EBRD President Sir Suma Chakrabarti said on Sunday, according to Masrawy.\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":650357,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/03\/22\/ebrd-pledges-eur-1-bn-this-year\/","url_meta":{"origin":630838,"position":3},"title":"EBRD pledges EUR 1 bn this year","author":"enterpriseam admin","date":"22 March 2017","format":false,"excerpt":"Back to foreign funding, the European Bank for Reconstruction and Development (EBRD) is planning to invest EUR 1 bn in Egypt this year, said EBRD\u2019s Managing Director for the SEMED region Janet Heckman. The majority of these investments will be geared towards private sector projects, SMEs, and renewable energy projects.\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":597538,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/07\/30\/acch-to-offer-20-stake-under-state-privatization-program\/","url_meta":{"origin":630838,"position":4},"title":"ACCH to offer 20% stake under state privatization program","author":"enterpriseam admin","date":"30 July 2019","format":false,"excerpt":"IPO WATCH- ACCH to offer 20% stake under state privatization program: Alexandria Container and Cargo Handling (ACCH) will offer 20% of its shares at EGP 15.6 apiece as part of the government\u2019s long anticipated IPO program, according to Al Mal. Sources said that 15% of the company\u2019s shares will be\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\/7\/cargo-1600-px.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":597148,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/07\/17\/ebrd-looking-to-boost-its-private-equity-portfolio-in-egypt\/","url_meta":{"origin":630838,"position":5},"title":"EBRD looking to boost its private equity portfolio in Egypt","author":"enterpriseam admin","date":"17 July 2019","format":false,"excerpt":"EBRD committed to investing over EUR 1 bn in Egypt this year, looking to boost private equity portfolio: The European Bank for Reconstruction and Development (EBRD) is committed to investing north of EUR 1 bn in Egypt in 2019, including buying into companies in the state privatization program, Managing Director\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\/630838","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=630838"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/630838\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/630827"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=630838"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=630838"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=630838"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=630838"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=630838"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}