{"id":634031,"date":"2018-01-03T04:20:13","date_gmt":"2018-01-03T04:20:13","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/01\/03\/ekh-receives-approval-to-increase-stake-in-delta-insurance-to-99\/"},"modified":"2018-01-03T04:20:13","modified_gmt":"2018-01-03T04:20:13","slug":"ekh-receives-approval-to-increase-stake-in-delta-insurance-to-99","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/01\/03\/ekh-receives-approval-to-increase-stake-in-delta-insurance-to-99\/","title":{"rendered":"EKH receives approval to increase stake in Delta Insurance to 99%"},"content":{"rendered":"

<\/a> M&A WATCH- EKH receives approval to increase stake in Delta Insurance to 99%: <\/strong>Egypt Kuwait Holding (EKH) received approval to increase its stake in Delta Insurance to 99% from 32.026%, according to a bourse disclosure<\/a>. EKH says it intends to submit a mandatory tender offer to the Financial Regulatory Authority to acquire the stake at proposed price of EGP 20 per share.<\/p>\n","protected":false},"excerpt":{"rendered":"

M&A WATCH- EKH receives approval to increase stake in Delta Insurance to 99%: Egypt Kuwait Holding (EKH) received approval to increase its stake in Delta Insurance to 99% from 32.026%, according to a bourse disclosure. EKH says it intends to submit a mandatory tender offer to the Financial Regulatory Authority to acquire the stake at […]<\/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-634031","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"a2bcd8dc-2844-4ad8-9562-147c3ca94dba","order":"0","is_powered_by":true,"section_story_id":"5afd9a2a-6bbf-446a-ad31-4fcbe2e40fcb","story_type":"1","photo_url":"","photo_position":"above","related_issue":[634022],"teaser":"","voice_url":""},"yoast_head":"\nEKH receives approval to increase stake in Delta Insurance to 99% - 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\/01\/03\/ekh-receives-approval-to-increase-stake-in-delta-insurance-to-99\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"EKH receives approval to increase stake in Delta Insurance to 99%\" \/>\n<meta property=\"og:description\" content=\"M&A WATCH- EKH receives approval to increase stake in Delta Insurance to 99%: Egypt Kuwait Holding (EKH) received approval to increase its stake in Delta Insurance to 99% from 32.026%, according to a bourse disclosure. EKH says it intends to submit a mandatory tender offer to the Financial Regulatory Authority to acquire the stake at […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2018\/01\/03\/ekh-receives-approval-to-increase-stake-in-delta-insurance-to-99\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2018-01-03T04:20:13+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\/01\/03\/ekh-receives-approval-to-increase-stake-in-delta-insurance-to-99\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/01\/03\/ekh-receives-approval-to-increase-stake-in-delta-insurance-to-99\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"EKH receives approval to increase stake in Delta Insurance to 99%\",\"datePublished\":\"2018-01-03T04:20:13+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/01\/03\/ekh-receives-approval-to-increase-stake-in-delta-insurance-to-99\/\"},\"wordCount\":69,\"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\/01\/03\/ekh-receives-approval-to-increase-stake-in-delta-insurance-to-99\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2018\/01\/03\/ekh-receives-approval-to-increase-stake-in-delta-insurance-to-99\/\",\"name\":\"EKH receives approval to increase stake in Delta Insurance to 99% - 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The Authority says it is currently assessing the offer. EKH had announced it received approvals to increase its stake 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":632115,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/02\/04\/ekh-gets-regulators-nod-for-mto-to-acquire-delta-insurance-in-egp-338-mn-transaction\/","url_meta":{"origin":634031,"position":1},"title":"EKH gets regulator\u2019s nod for MTO to acquire Delta Insurance in EGP 338 mn transaction","author":"enterpriseam admin","date":"4 February 2018","format":false,"excerpt":"M&A WATCH- Egypt Kuwait Holding (EKH) received the go-ahead from the Financial Regulatory Authority on Thursday to make a mandatory tender offer to acquire 99% of Delta Insurance, according to Al Mal. EKH is looking to acquire the remaining 16.9 mn shares (67.97%) valued at EGP 20 a share, which\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":574343,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/09\/07\/egypt-kuwait-holding-raises-stake-in-delta-insurance-to-61-5\/","url_meta":{"origin":634031,"position":2},"title":"Egypt Kuwait Holding raises stake in Delta Insurance to 61.5%","author":"enterpriseam admin","date":"7 September 2020","format":false,"excerpt":"M&A WATCH- Egypt Kuwait Holding (EKH) has raised its stake in Delta Insurance to 61.5% from 56.5% in a EGP 36.2 mn transaction, according to an EGX filing (pdf). EKH received the go-ahead from the Financial Regulatory Authority in 2018 to take Delta private through a mandatory tender offer that\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":632859,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/02\/21\/ekh-expands-its-natural-gas-investments\/","url_meta":{"origin":634031,"position":3},"title":"EKH expands its natural gas investments","author":"enterpriseam admin","date":"21 February 2018","format":false,"excerpt":"INVESTMENT WATCH- EKH expands its natural gas holdings: Egyptian Kuwait Holding (EKH) announced that it has raised its stake in NSCO Investments Limited, which owns an offshore gas field in Northern Sinai, through a subsidiary. The EKH unit paid USD 20 mn to raise its stake in NSCO to 99.99%\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":647474,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/05\/11\/ekh-subsidiary-bids-for-stake-in-ncmp\/","url_meta":{"origin":634031,"position":4},"title":"EKH subsidiary bids for stake in NCMP","author":"enterpriseam admin","date":"11 May 2017","format":false,"excerpt":"M&A WATCH- The bidding war for NCMP is heating up: Egypt Kuwait Holding (EKH) subsidiary International Financial Investments Company (IFIC) has submitted a bid to acquire Misr Capital Investment\u2019s 42.96% stake in National Company for Maize Products (NCMP), according to a regulatory filing (pdf). 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