{"id":632232,"date":"2018-02-06T04:13:37","date_gmt":"2018-02-06T04:13:37","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/02\/06\/ripplewood-looks-to-acquire-an-additional-10-of-sodic\/"},"modified":"2018-02-06T04:13:37","modified_gmt":"2018-02-06T04:13:37","slug":"ripplewood-looks-to-acquire-an-additional-10-of-sodic","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/02\/06\/ripplewood-looks-to-acquire-an-additional-10-of-sodic\/","title":{"rendered":"Ripplewood looks to acquire an additional 10% of SODIC"},"content":{"rendered":"

<\/a> EXCLUSIVE- Tim Collins\u2019 Ripplewood is looking to acquire another 10% of SODIC. <\/strong>The play was recently disclosed to select shareholders under an arcane rule of Egyptian securities law that required Ripplewood to disclose its plans to MCDR, the central clearinghouse and share depository. Enterprise has reviewed copies of the documentation, which notifies shareholders holding more than 1% of SODIC of Ripplewood\u2019s intention to add substantially to its position.<\/p>\n

Ripplewood already holds 9.35% of the leading real estate developer<\/strong> and has representation on the company\u2019s board. The firm is a vehicle of prominent US investor Tim Collins, well-known in Egyptian circles for his previous investment in CIB and a four-year shareholder at SODIC who controls a seat on the company\u2019s board. SODIC\u2019s other lead shareholders include Olayan (12.60%) and the Abanumay family (11.47%), according to SODIC\u2019s IR website<\/a>. Officials at both SODIC and Ripplewood declined overnight opportunities to comment on the story.<\/p>\n","protected":false},"excerpt":{"rendered":"

EXCLUSIVE- Tim Collins\u2019 Ripplewood is looking to acquire another 10% of SODIC. The play was recently disclosed to select shareholders under an arcane rule of Egyptian securities law that required Ripplewood to disclose its plans to MCDR, the central clearinghouse and share depository. Enterprise has reviewed copies of the documentation, which notifies shareholders holding more […]<\/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-632232","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"a65af059-abc7-4e2d-96a5-49c7384a34a7","order":"0","is_powered_by":true,"section_story_id":"d70394af-fd7e-4731-983f-4516b6f0e4f4","story_type":"1","photo_url":"","photo_position":"above","related_issue":[632222],"teaser":"","voice_url":""},"yoast_head":"\nRipplewood looks to acquire an additional 10% of SODIC - 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\/02\/06\/ripplewood-looks-to-acquire-an-additional-10-of-sodic\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ripplewood looks to acquire an additional 10% of SODIC\" \/>\n<meta property=\"og:description\" content=\"EXCLUSIVE- Tim Collins\u2019 Ripplewood is looking to acquire another 10% of SODIC. The play was recently disclosed to select shareholders under an arcane rule of Egyptian securities law that required Ripplewood to disclose its plans to MCDR, the central clearinghouse and share depository. Enterprise has reviewed copies of the documentation, which notifies shareholders holding more […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2018\/02\/06\/ripplewood-looks-to-acquire-an-additional-10-of-sodic\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2018-02-06T04:13:37+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\/02\/06\/ripplewood-looks-to-acquire-an-additional-10-of-sodic\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/02\/06\/ripplewood-looks-to-acquire-an-additional-10-of-sodic\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Ripplewood looks to acquire an additional 10% of SODIC\",\"datePublished\":\"2018-02-06T04:13:37+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/02\/06\/ripplewood-looks-to-acquire-an-additional-10-of-sodic\/\"},\"wordCount\":159,\"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\/02\/06\/ripplewood-looks-to-acquire-an-additional-10-of-sodic\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2018\/02\/06\/ripplewood-looks-to-acquire-an-additional-10-of-sodic\/\",\"name\":\"Ripplewood looks to acquire an additional 10% of SODIC - 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Sodic\u2019s\u2026","rel":"","context":"In "SPEED ROUND: M&A WATCH"","block_context":{"text":"SPEED ROUND: M&A WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round-ma-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/4\/432.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":561471,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/04\/08\/sodic-taps-financial-advisors-to-assess-aldar-acquisition-bid\/","url_meta":{"origin":632232,"position":2},"title":"Sodic taps financial advisors to assess Aldar acquisition bid","author":"enterpriseam admin","date":"8 April 2021","format":false,"excerpt":"Sodic to weigh Aldar acquisition offer: Our friends at Sodic have appointed unnamed financial advisors to look into Emirati real estate firm Aldar Properties\u2019 bid to acquire a majority stake in the company, the upmarket developer said in a regulatory filing (pdf). Aldar last month submitted a non-binding offer to\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\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":557341,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/09\/15\/aldar-adq-launch-bid-for-sodic\/","url_meta":{"origin":632232,"position":3},"title":"Aldar, ADQ launch bid for SODIC","author":"enterpriseam admin","date":"15 September 2021","format":false,"excerpt":"The UAE\u2019s Aldar Properties and sovereign wealth fund ADQ has submitted a mandatory tender offer for up to 90% of upmarket real estate developer SODIC, they said in a disclosure (pdf) to the ADX yesterday. The all-cash offer saw the consortium \u2014 which is 70% owned by Al Dar and\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\/9\/204.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":630122,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/04\/12\/sodic-mnhd-talks-to-begin-today-source\/","url_meta":{"origin":632232,"position":4},"title":"SODIC, MNHD talks to begin today -source","author":"enterpriseam admin","date":"12 April 2018","format":false,"excerpt":"SODIC\u2019s board welcomes overture from MNHD; common shareholders could fast-track an agreement: Upmarket real estate developer SODIC said yesterday (pdf) that it welcomes discussions with Madinet Nasr Housing and Development about \u201cpotential strategic alternatives for the two entities by way of merger or acquisition\u201d and specifically noted the \u201cpotential synergies\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":622866,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/10\/15\/sodic-bidding-to-acquire-at-least-51-of-mnhd-in-all-share-transaction\/","url_meta":{"origin":632232,"position":5},"title":"SODIC bidding to acquire at least 51% of MNHD in all-share transaction","author":"enterpriseam admin","date":"15 October 2018","format":false,"excerpt":"** #1 M&A WATCH- SODIC bidding to acquire at least 51% of MNHD in all-share transaction: Upmarket real estate developer SODIC announced yesterday (pdf) it intends to make a mandatory tender offer to acquire at least 51% of Madinet Nasr Housing and Development (MNHD) through a direct share swap. 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