{"id":635621,"date":"2017-12-10T03:56:22","date_gmt":"2017-12-10T03:56:22","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/12\/10\/banque-du-caire-ipo-in-3q2018-amer-says\/"},"modified":"2017-12-10T03:56:22","modified_gmt":"2017-12-10T03:56:22","slug":"banque-du-caire-ipo-in-3q2018-amer-says","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/12\/10\/banque-du-caire-ipo-in-3q2018-amer-says\/","title":{"rendered":"Banque du Caire IPO in 3Q2018, Amer says"},"content":{"rendered":"

<\/a> IPO WATCH- Banque du Caire will IPO in 3Q2018<\/strong>, CBE Governor Tarek Amer said in a statement to the press at the Business for Africa and the World Summit on Thursday, Al Borsa reports<\/a>. Amer did not provide further details on the planned IPO, which was initially expected to take place this fall, but was delayed as a result of the central bank\u2019s shakeup of management at state-owned banks. Government officials had said at the time<\/a> that the bank\u2019s new leadership would be key to promoting the original offer. The EGX had approved in February<\/a> BdC\u2019s request to list 562.5 mn shares at par value of EGP 4 per share. Industry types had later said the government is considering selling<\/a> up to 49% of Banque du Caire as part of the IPO process, including 5% which would trade a global depositary receipts on the London Stock Exchange. EFG Hermes and HSBC are managing the issuance, while Baker McKenzie has been tapped as legal advisor.<\/p>\n

Separately, Amer said that the sale of United Bank still needs more time<\/strong> as the bank\u2019s restructuring process is still in progress.<\/p>\n","protected":false},"excerpt":{"rendered":"

IPO WATCH- Banque du Caire will IPO in 3Q2018, CBE Governor Tarek Amer said in a statement to the press at the Business for Africa and the World Summit on Thursday, Al Borsa reports. Amer did not provide further details on the planned IPO, which was initially expected to take place this fall, but was […]<\/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-635621","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"e9c327a2-525a-433a-946d-8a48e3e086ce","order":"0","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[635614],"teaser":"","voice_url":""},"yoast_head":"\nBanque du Caire IPO in 3Q2018, Amer says - 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\/2017\/12\/10\/banque-du-caire-ipo-in-3q2018-amer-says\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Banque du Caire IPO in 3Q2018, Amer says\" \/>\n<meta property=\"og:description\" content=\"IPO WATCH- Banque du Caire will IPO in 3Q2018, CBE Governor Tarek Amer said in a statement to the press at the Business for Africa and the World Summit on Thursday, Al Borsa reports. 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The Central Bank of Egypt could scrap planned IPOs of state-owned Banque du Caire and United Bank and instead move ahead with stake sales to strategic investors, a senior CBE official said yesterday. CBE Deputy Governor Gamal Negm\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":630704,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/04\/30\/banque-du-caire-to-ipo-end-of-2018-or-early-2019-amer\/","url_meta":{"origin":635621,"position":1},"title":"Banque du Caire to IPO end of 2018 or early 2019 -Amer","author":"enterpriseam admin","date":"30 April 2018","format":false,"excerpt":"IPO WATCH- Banque du Caire will IPO on the Egyptian Exchange by the end of 2018 or early 2019, according to CBE Governor Tarek Amer. Banque du Caire was widely expected to be the first company to list under the state\u2019s privatization program, which officials said will see shares from\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":603357,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/04\/21\/banque-du-caire-plans-to-raise-up-to-usd-400-mn-in-ipo\/","url_meta":{"origin":635621,"position":2},"title":"Banque du Caire plans to raise up to USD 400 mn in IPO","author":"enterpriseam admin","date":"21 April 2019","format":false,"excerpt":"Banque du Caire plans to raise up to USD 400 mn in IPO, eyes potential dual listing: Banque du Caire is expecting to raise between USD 300 mn and USD 400 mn when it sells a 20-30% stake on the EGX in its planned IPO, Chairman and CEO Tarek Fayed\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\/2020\/1\/771.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":603134,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/04\/16\/government-plans-to-offer-up-to-30-of-banque-du-caire-in-ipo-this-year\/","url_meta":{"origin":635621,"position":3},"title":"Government plans to offer up to 30% of Banque Du Caire in IPO this year","author":"enterpriseam admin","date":"16 April 2019","format":false,"excerpt":"Expect up to 30% of Banque du Caire to be offered via IPO this year: The government is planning to sell 20-30% of Banque du Caire\u2019s shares in an initial public offering on the EGX by the end of this year, central bank Governor Tarek Amer told Bloomberg in Washington.\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":626094,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/08\/30\/banque-du-caire-ipo-on-track-for-1q2019-bank-to-float-30-of-shares\/","url_meta":{"origin":635621,"position":4},"title":"Banque du Caire IPO on track for 1Q2019, bank to float 30% of shares","author":"enterpriseam admin","date":"30 August 2018","format":false,"excerpt":"IPO WATCH- The state-owned Banque du Caire (BdC) is still on track to float up to 30% of its shares in an initial public offering in early 2019, a senior bank official told Enterprise yesterday. Central Bank Governor Tarek Amer had said in April to expect BdC\u2019s IPO in late\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":592829,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/11\/07\/banque-du-caire-to-ipo-1q2020\/","url_meta":{"origin":635621,"position":5},"title":"Banque du Caire to IPO 1Q2020","author":"enterpriseam admin","date":"7 November 2019","format":false,"excerpt":"IPO WATCH- Banque du Caire to IPO 1Q2010 -Amer: Banque du Caire (BdC) will go ahead with its anticipated IPO in the first quarter of next year, Central Bank of Egypt Governor Tarek Amer said on the sidelines of a startup competition yesterday, according to Al Mal. 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