{"id":630864,"date":"2018-03-04T04:11:13","date_gmt":"2018-03-04T04:11:13","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/03\/04\/suez-cement-to-delist-from-lse-to-cancel-gdrs\/"},"modified":"2018-03-04T04:11:13","modified_gmt":"2018-03-04T04:11:13","slug":"suez-cement-to-delist-from-lse-to-cancel-gdrs","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/03\/04\/suez-cement-to-delist-from-lse-to-cancel-gdrs\/","title":{"rendered":"Suez Cement to delist from LSE, to cancel GDRs"},"content":{"rendered":"

Suez Cement Company is planning to delist from the London Stock Exchange and cancel the company\u2019s global depository receipts by month\u2019s end, Reuters reports<\/a>. The move seeks to optimize \u201cthe company\u2019s internal procedures and costs,\u201d the company said explaining that the LSE listing is \u201cinconsistent with the company's strategy and funding plans.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"

Suez Cement Company is planning to delist from the London Stock Exchange and cancel the company\u2019s global depository receipts by month\u2019s end, Reuters reports. The move seeks to optimize \u201cthe company\u2019s internal procedures and costs,\u201d the company said explaining that the LSE listing is \u201cinconsistent with the company's strategy and funding plans.\u201d<\/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":[9309],"tags":[2416,72],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-630864","post","type-post","status-publish","format-standard","hentry","category-basic-materials-commodities","tag-basic-materials-commodities","tag-enterpriseam","wpautop","entry"],"acf":{"mongo_id":"8ad85e9b-3e42-4790-9840-d3e68d5e0d13","order":"0","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","full_issue_title":"Suez Cement to delist from LSE, to cancel GDRs","related_issue":[630827],"teaser":"","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/7\/.9ef94662-5276-4dc2-a639-137288603b4c.mp3"},"yoast_head":"\nSuez Cement to delist from LSE, to cancel GDRs - 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\/suez-cement-to-delist-from-lse-to-cancel-gdrs\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Suez Cement to delist from LSE, to cancel GDRs\" \/>\n<meta property=\"og:description\" content=\"Suez Cement Company is planning to delist from the London Stock Exchange and cancel the company\u2019s global depository receipts by month\u2019s end, Reuters reports. The move seeks to optimize \u201cthe company\u2019s internal procedures and costs,\u201d the company said explaining that the LSE listing is \u201cinconsistent with the company's strategy and funding plans.\u201d\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2018\/03\/04\/suez-cement-to-delist-from-lse-to-cancel-gdrs\/\" \/>\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<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/03\/04\/suez-cement-to-delist-from-lse-to-cancel-gdrs\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/03\/04\/suez-cement-to-delist-from-lse-to-cancel-gdrs\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Suez Cement to delist from LSE, to cancel GDRs\",\"datePublished\":\"2018-03-04T04:11:13+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/03\/04\/suez-cement-to-delist-from-lse-to-cancel-gdrs\/\"},\"wordCount\":65,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"Basic Materials + Commodities\",\"EnterpriseAM\"],\"articleSection\":[\"Basic Materials + Commodities\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/03\/04\/suez-cement-to-delist-from-lse-to-cancel-gdrs\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2018\/03\/04\/suez-cement-to-delist-from-lse-to-cancel-gdrs\/\",\"name\":\"Suez Cement to delist from LSE, to cancel GDRs - 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The companies will now need to seek regulatory approval to\u2026","rel":"","context":"In "EQUITIES"","block_context":{"text":"EQUITIES","link":"https:\/\/enterpriseam.com\/egypt\/category\/equities\/"},"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":630864,"position":1},"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":620258,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/05\/19\/idh-looks-to-delist-from-the-egx\/","url_meta":{"origin":630864,"position":2},"title":"IDH looks to delist from the EGX","author":"enterpriseam admin","date":"19 May 2024","format":false,"excerpt":"The company decided to leave due to \u201climited trading activity\u201d","rel":"","context":"In "Capital markets"","block_context":{"text":"Capital markets","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/capital-markets\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/5\/1410.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":578317,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/12\/22\/amoc-and-pachin-leave-the-lse\/","url_meta":{"origin":630864,"position":3},"title":"AMOC and Pachin leave the LSE","author":"enterpriseam admin","date":"22 December 2022","format":false,"excerpt":"AMOC + Pachin delist from LSE: EGX-listed Alexandria Mineral Oils Company (AMOC) and Paint and Chemical Industries (Pachin) have each decided to delist their global depository receipts (GDRs) from the London Stock Exchange, citing poor performance, according to individual disclosures to the EGX (here and here \u2014 pdfs). 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Hilal later confirmed that Suez Cement\u2019s representatives had resigned from the board.A\u2026","rel":"","context":"In "M&A WATCH"","block_context":{"text":"M&A WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/ma-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/1\/326.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":649792,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/03\/08\/flsmidth-receives-cement-plant-order-from-elsewedy\/","url_meta":{"origin":630864,"position":5},"title":"FLSmidth receives cement plant order from Elsewedy","author":"enterpriseam admin","date":"8 March 2017","format":false,"excerpt":"Danish engineering company FLSmidth says it was awarded an order from El Sewedy Cement Company for engineering, procurement, and supply of equipment for the expansion of a cement production line in Suez. 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