{"id":632771,"date":"2018-02-19T04:31:03","date_gmt":"2018-02-19T04:31:03","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/02\/19\/maspero-restructure-plan-aims-to-settle-egp-32-8-debt-over-three-years-privatize-subsidiaries\/"},"modified":"2018-02-19T04:31:03","modified_gmt":"2018-02-19T04:31:03","slug":"maspero-restructure-plan-aims-to-settle-egp-32-8-debt-over-three-years-privatize-subsidiaries","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/02\/19\/maspero-restructure-plan-aims-to-settle-egp-32-8-debt-over-three-years-privatize-subsidiaries\/","title":{"rendered":"Maspero restructure plan aims to settle EGP 32.8 debt over three years, privatize subsidiaries"},"content":{"rendered":"

The government\u2019s plan to restructure the state-owned Television and Radio Union (Maspero) aims to pay off EGP 32.8 in debt over the next three years, Planning Minister Hala El Said said yesterday, Al Masry Al Youm reports<\/a>. The National Investment Bank, Maspero\u2019s largest creditor, will manage debt settlement processes, which involve taking over some the union\u2019s assets. The restructuring process might also see the privatization of some of Maspero\u2019s subsidiaries, in addition to creating a fund for end-of-service payments, Al Mal reports<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

The government\u2019s plan to restructure the state-owned Television and Radio Union (Maspero) aims to pay off EGP 32.8 in debt over the next three years, Planning Minister Hala El Said said yesterday, Al Masry Al Youm reports. The National Investment Bank, Maspero\u2019s largest creditor, will manage debt settlement processes, which involve taking over some the […]<\/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":[9315],"tags":[72,2390],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-632771","post","type-post","status-publish","format-standard","hentry","category-other-business-news-of-note","tag-enterpriseam","tag-other-business-news-of-note","wpautop","entry"],"acf":{"mongo_id":"18811557-48ee-42b1-b912-1b5d178c41f2","order":"0","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","full_issue_title":"Maspero restructure plan aims to settle EGP 32.8 debt over three years, privatize subsidiaries","related_issue":[632728],"teaser":"","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/7\/.dd907464-7820-40a0-a3d7-324592953472.mp3"},"yoast_head":"\nMaspero restructure plan aims to settle EGP 32.8 debt over three years, privatize subsidiaries - 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\/19\/maspero-restructure-plan-aims-to-settle-egp-32-8-debt-over-three-years-privatize-subsidiaries\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Maspero restructure plan aims to settle EGP 32.8 debt over three years, privatize subsidiaries\" \/>\n<meta property=\"og:description\" content=\"The government\u2019s plan to restructure the state-owned Television and Radio Union (Maspero) aims to pay off EGP 32.8 in debt over the next three years, Planning Minister Hala El Said said yesterday, Al Masry Al Youm reports. The National Investment Bank, Maspero\u2019s largest creditor, will manage debt settlement processes, which involve taking over some the […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2018\/02\/19\/maspero-restructure-plan-aims-to-settle-egp-32-8-debt-over-three-years-privatize-subsidiaries\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2018-02-19T04:31:03+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\/02\/19\/maspero-restructure-plan-aims-to-settle-egp-32-8-debt-over-three-years-privatize-subsidiaries\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/02\/19\/maspero-restructure-plan-aims-to-settle-egp-32-8-debt-over-three-years-privatize-subsidiaries\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Maspero restructure plan aims to settle EGP 32.8 debt over three years, privatize subsidiaries\",\"datePublished\":\"2018-02-19T04:31:03+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/02\/19\/maspero-restructure-plan-aims-to-settle-egp-32-8-debt-over-three-years-privatize-subsidiaries\/\"},\"wordCount\":98,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"Other Business News of Note\"],\"articleSection\":[\"Other Business News of Note\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/02\/19\/maspero-restructure-plan-aims-to-settle-egp-32-8-debt-over-three-years-privatize-subsidiaries\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2018\/02\/19\/maspero-restructure-plan-aims-to-settle-egp-32-8-debt-over-three-years-privatize-subsidiaries\/\",\"name\":\"Maspero restructure plan aims to settle EGP 32.8 debt over three years, privatize subsidiaries - 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The council, headed by Prime Minister Sherif Ismail, also sanctioned compensations for the area\u2019s current residents, including being relocated inside or outside the\u2026","rel":"","context":"In "Infrastructure"","block_context":{"text":"Infrastructure","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/infrastructure\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":638871,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/10\/16\/isdf-allocated-egp-1-3-bn-to-compensate-maspero-triangle-residents\/","url_meta":{"origin":632771,"position":1},"title":"ISDF allocated EGP 1.3 bn to compensate Maspero triangle residents","author":"enterpriseam admin","date":"16 October 2017","format":false,"excerpt":"The Informal Settlement Development Fund (ISDF) is allocating EGP 1.3 bn to compensating Maspero Triangle households, Al Mal reports. More than 4,500 families will be relocated as part of development plan for the area. ISDF executive director Khaled Seddik says 435 families received financial compensation so far, 341 opted to\u2026","rel":"","context":"In "Real Estate + Housing"","block_context":{"text":"Real Estate + Housing","link":"https:\/\/enterpriseam.com\/egypt\/category\/real-estate-housing\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":632945,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/02\/22\/madbouly-gives-maspero-residents-an-ultimatum-to-relocate\/","url_meta":{"origin":632771,"position":2},"title":"Madbouly gives Maspero residents an ultimatum to relocate","author":"enterpriseam admin","date":"22 February 2018","format":false,"excerpt":"Housing Minister Mostafa Madbouly issued yesterday an ultimatum to Maspero Triangle residents who have refused to relocate from their homes, causing delays in a redevelopment plan for the area, Al Masry Al Youm reports. Madbouly told the residents during a meeting yesterday that this is their \u201clast chance\u201d to either\u2026","rel":"","context":"In "Real Estate + Housing"","block_context":{"text":"Real Estate + Housing","link":"https:\/\/enterpriseam.com\/egypt\/category\/real-estate-housing\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":638461,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/10\/04\/govt-begins-demolishing-houses-in-maspero\/","url_meta":{"origin":632771,"position":3},"title":"Gov\u2019t begins demolishing houses in Maspero","author":"enterpriseam admin","date":"4 October 2017","format":false,"excerpt":"The Housing Ministry and the Cairo Governorate will demolish the first building in the Maspero area next week as part of the plan to \u201cdevelop\u201d the area, Al Masry Al Youm reports. 936 families residing in the area were compensated and any petitions by the residents will be looked into\u2026","rel":"","context":"In "Real Estate + Housing"","block_context":{"text":"Real Estate + Housing","link":"https:\/\/enterpriseam.com\/egypt\/category\/real-estate-housing\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":625332,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/08\/01\/fei-expresses-reservations-about-cbes-egp-16-8-bn-debt-relief-program\/","url_meta":{"origin":632771,"position":4},"title":"FEI expresses reservations about CBE\u2019s EGP 16.8 bn debt relief program","author":"enterpriseam admin","date":"1 August 2018","format":false,"excerpt":"The Federation of Egyptian Industries (FEI) has expressed some reservations about the CBE\u2019s EGP 16.8 bn debt relief program,Al Mal reports. Their chief concerns have to do with implementing the debt relief program. There are no guarantees in the initiative that businesses that will benefit from it will invest in\u2026","rel":"","context":"In "Other Business News of Note"","block_context":{"text":"Other Business News of Note","link":"https:\/\/enterpriseam.com\/egypt\/category\/other-business-news-of-note\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":572674,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/07\/05\/palm-hills-seeks-egp-400-mn-following-debt-restructuring-to-develop-the-crown\/","url_meta":{"origin":632771,"position":5},"title":"Palm Hills seeks EGP 400 mn following debt restructuring to develop The Crown","author":"enterpriseam admin","date":"5 July 2020","format":false,"excerpt":"Palm Hills Developments is reportedly in talks with seven banks to restructure its EGP 1.24 bn debt and borrow an additional EGP 400 mn to expand its Crown development in Sixth of October, Al Shorouk reports, citing unnamed sources. 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