{"id":636131,"date":"2017-12-21T03:53:18","date_gmt":"2017-12-21T03:53:18","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/12\/21\/mondi-paper-sales-buys-stake-in-suez-bags-prepares-mto\/"},"modified":"2017-12-21T03:53:18","modified_gmt":"2017-12-21T03:53:18","slug":"mondi-paper-sales-buys-stake-in-suez-bags-prepares-mto","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/12\/21\/mondi-paper-sales-buys-stake-in-suez-bags-prepares-mto\/","title":{"rendered":"Mondi Paper Sales buys stake in Suez Bags, prepares MTO"},"content":{"rendered":"

<\/a> M&A WATCH-<\/strong> Heidelberg Cement subsidiaries Suez Cement<\/a> and Tourah Cement<\/a> have signed agreements to sell their respective stakes of 53.32% and 4.52% in Suez Bags to Mondi Paper Sales, according to bourse disclosures. Both sales were for EGP 26.01 per share and the transaction is contingent on board approvals. Once approved, Mondi will submit a request to the Financial Regulatory Authority to issue a mandatory tender offer for 100% of the shares in Suez Bags.<\/p>\n","protected":false},"excerpt":{"rendered":"

M&A WATCH- Heidelberg Cement subsidiaries Suez Cement and Tourah Cement have signed agreements to sell their respective stakes of 53.32% and 4.52% in Suez Bags to Mondi Paper Sales, according to bourse disclosures. Both sales were for EGP 26.01 per share and the transaction is contingent on board approvals. Once approved, Mondi will submit a […]<\/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-636131","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"0ec1c97b-6a0f-43b6-a9a1-c048f06c0393","order":"0","is_powered_by":true,"section_story_id":"c3239565-2f9d-4bc6-a597-01efc4e538b8","story_type":"1","photo_url":"","photo_position":"above","related_issue":[636122],"teaser":"","voice_url":""},"yoast_head":"\nMondi Paper Sales buys stake in Suez Bags, prepares MTO - 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\/21\/mondi-paper-sales-buys-stake-in-suez-bags-prepares-mto\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Mondi Paper Sales buys stake in Suez Bags, prepares MTO\" \/>\n<meta property=\"og:description\" content=\"M&A WATCH- Heidelberg Cement subsidiaries Suez Cement and Tourah Cement have signed agreements to sell their respective stakes of 53.32% and 4.52% in Suez Bags to Mondi Paper Sales, according to bourse disclosures. Both sales were for EGP 26.01 per share and the transaction is contingent on board approvals. Once approved, Mondi will submit a […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2017\/12\/21\/mondi-paper-sales-buys-stake-in-suez-bags-prepares-mto\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2017-12-21T03:53:18+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\/2017\/12\/21\/mondi-paper-sales-buys-stake-in-suez-bags-prepares-mto\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/12\/21\/mondi-paper-sales-buys-stake-in-suez-bags-prepares-mto\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Mondi Paper Sales buys stake in Suez Bags, prepares MTO\",\"datePublished\":\"2017-12-21T03:53:18+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/12\/21\/mondi-paper-sales-buys-stake-in-suez-bags-prepares-mto\/\"},\"wordCount\":82,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/12\/21\/mondi-paper-sales-buys-stake-in-suez-bags-prepares-mto\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2017\/12\/21\/mondi-paper-sales-buys-stake-in-suez-bags-prepares-mto\/\",\"name\":\"Mondi Paper Sales buys stake in Suez Bags, prepares MTO - 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The Financial Regulatory Authority had signed off this week on Mondy\u2019s mandatory tender offer\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":636131,"position":1},"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. 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