{"id":633038,"date":"2018-02-26T04:02:24","date_gmt":"2018-02-26T04:02:24","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/02\/26\/mondi-applies-for-fra-approval-of-mto-to-acquire-suez-bags\/"},"modified":"2018-02-26T04:02:24","modified_gmt":"2018-02-26T04:02:24","slug":"mondi-applies-for-fra-approval-of-mto-to-acquire-suez-bags","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/02\/26\/mondi-applies-for-fra-approval-of-mto-to-acquire-suez-bags\/","title":{"rendered":"Mondi applies for FRA approval of MTO to acquire Suez Bags"},"content":{"rendered":"

M&A WATCH-<\/strong> Mondi Paper Sales applied for Financial Regulatory Authority (FRA) approval of a mandatory tender offer to acquire the remaining 70.1% stake in Suez Bags, according to a FRA statement on Sunday (pdf)<\/a>. Mondi plans to acquire 7.7 mn shares for for EGP 26.01 per share, valuing the transaction at EGP 199.4 mn. FRA is currently looking into the request, the statement said.<\/p>\n","protected":false},"excerpt":{"rendered":"

M&A WATCH- Mondi Paper Sales applied for Financial Regulatory Authority (FRA) approval of a mandatory tender offer to acquire the remaining 70.1% stake in Suez Bags, according to a FRA statement on Sunday (pdf). Mondi plans to acquire 7.7 mn shares for for EGP 26.01 per share, valuing the transaction at EGP 199.4 mn. FRA […]<\/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-633038","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"2a7bae83-e3a0-46e1-b82f-13876f3819b9","order":"0","is_powered_by":true,"section_story_id":"8c0d2755-d27a-4e1c-8e0f-a41c594cd4fd","story_type":"1","photo_url":"","photo_position":"above","related_issue":[633026],"teaser":"","voice_url":""},"yoast_head":"\nMondi applies for FRA approval of MTO to acquire Suez Bags - 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\/26\/mondi-applies-for-fra-approval-of-mto-to-acquire-suez-bags\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Mondi applies for FRA approval of MTO to acquire Suez Bags\" \/>\n<meta property=\"og:description\" content=\"M&A WATCH- Mondi Paper Sales applied for Financial Regulatory Authority (FRA) approval of a mandatory tender offer to acquire the remaining 70.1% stake in Suez Bags, according to a FRA statement on Sunday (pdf). Mondi plans to acquire 7.7 mn shares for for EGP 26.01 per share, valuing the transaction at EGP 199.4 mn. 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Mondi will buy 7,666,435 shares at a price of EGP 26.01 per share,\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":627246,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/07\/26\/pharos-acts-as-broker-for-mondis-acquisition-of-suez-bags\/","url_meta":{"origin":633038,"position":1},"title":"Pharos acts as broker for Mondi\u2019s acquisition of Suez Bags","author":"enterpriseam admin","date":"26 July 2018","format":false,"excerpt":"M&A WATCH- Mondi to complete MTO of Suez Bags next week: Mondi Paper Sales plans to complete its mandatory tender offer to acquire a 70.1% stake in Suez Bags by 31 July as per the deadline set by the Financial Regulatory Authority, our friend and Pharos Holding Managing Director Essam\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":627501,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/06\/04\/mondi-in-final-stages-of-suez-bags-acquisition\/","url_meta":{"origin":633038,"position":2},"title":"Mondi in final stages of Suez Bags acquisition","author":"enterpriseam admin","date":"4 June 2018","format":false,"excerpt":"M&A WATCH- Mondi in final stages of Suez Bags acquisition: Mondi Paper Sales has nearly finished its acquisition of a 70.1% stake in Suez Bags in a transaction valued at EGP 300-400 mn, Zaki Hashem law office Senior Partner Yasser Hashem tells Al Masry Al Youm. The transaction received regulatory\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":625402,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/08\/05\/mondi-completes-suez-bags-acquisition\/","url_meta":{"origin":633038,"position":3},"title":"Mondi completes Suez Bags acquisition","author":"enterpriseam admin","date":"5 August 2018","format":false,"excerpt":"M&A WATCH- Mondi completes Suez Bags acquisition. The EGX announced on Thursday that Mondi Paper Sales completed its acquisition of Suez Bags, having bought 7.23 mn shares at EGP 26.01 per share in a EGP 188.1 mn transaction, Al Mal reports, citing a bourse statement. The offer price valued the\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":630511,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/04\/23\/austrias-mondi-paper-sales-reportedly-acquires-national-paper-products-in-egp-500-mn-transaction\/","url_meta":{"origin":633038,"position":4},"title":"Austria\u2019s Mondi Paper Sales reportedly acquires National Paper Products in EGP 500 mn transaction","author":"enterpriseam admin","date":"23 April 2018","format":false,"excerpt":"M&A WATCH- Austria\u2019s Mondi Paper Sales has reportedly acquired the National Paper Products Company for EGP 500 mn, sources said on Sunday. The transaction, which saw Mondi acquire full ownership of the company, closed last week, the sources added. The move comes as Mondi has been increasing its acquisitions in\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":628370,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/05\/02\/mondi-confirms-it-will-acquire-npp-for-usd-28-7-mn\/","url_meta":{"origin":633038,"position":5},"title":"Mondi confirms it will acquire NPP for USD 28.7 mn","author":"enterpriseam admin","date":"2 May 2018","format":false,"excerpt":"M&A WATCH- Mondi confirms USD 28.7 mn NPP acquisition: Mondi Paper Sales said on Monday that it has agreed to acquire 100% of Egyptian industrial bags maker National Company for Paper Products (NPP) for USD 28.75 mn (around EGP 500 mn) \u201cto expand deeper into the Middle East,\u201d Reuters reports.\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\/633038","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=633038"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/633038\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/633026"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=633038"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=633038"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=633038"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=633038"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=633038"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}