{"id":637110,"date":"2017-11-08T04:04:20","date_gmt":"2017-11-08T04:04:20","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/11\/08\/fra-approves-cairo-3as-bid-for-ncmp-rejects-rival-offer-from-adm-ncmp-valued-at-egp-1-33-bn\/"},"modified":"2017-11-08T04:04:20","modified_gmt":"2017-11-08T04:04:20","slug":"fra-approves-cairo-3as-bid-for-ncmp-rejects-rival-offer-from-adm-ncmp-valued-at-egp-1-33-bn","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/11\/08\/fra-approves-cairo-3as-bid-for-ncmp-rejects-rival-offer-from-adm-ncmp-valued-at-egp-1-33-bn\/","title":{"rendered":"FRA approves Cairo 3A\u2019s bid for NCMP, rejects rival offer from ADM; NCMP valued at EGP 1.33 bn"},"content":{"rendered":"<p><a class=\"content-anchor\" id=\"tldr-story-04\"><\/a> <strong>M&A WATCH-<\/strong> The Financial Regulatory Authority (FRA, formerly EFSA) has <strong>approved Cairo 3A\u2019s mandatory tender offer to acquire 100% of the shares of the National Company for Maize Products<\/strong> (NCMP) at EGP 45 per share, <a href=\"http:\/\/www.egx.com.eg\/downloads\/News\/%D8%A7%D9%84%D9%88%D8%B7%D9%86%D9%8A%D8%A9%20%D9%84%D9%84%D8%B0%D8%B1%D8%A9%20%D8%A8%D9%8A%D8%A7%D9%86%20%D8%B9%D8%B1%D8%B6%20%D8%A7%D9%84%D8%B4%D8%B1%D8%A7%D8%A1%2007-11-2017.pdf\">according to a bourse statement<\/a>. FRA also <a href=\"http:\/\/egx.com.eg\/downloads\/Bulletins\/209401_1.pdf\">rejected an EGP 35.56 per share bid presented by ADM International SARL<\/a>, a unit of Archer Daniels Midland (ADM). The ADM unit was the only <a href=\"https:\/\/enterprise.press\/stories\/2017\/10\/15\/ific-withdraws-bid-to-acquire-ncmp\/\">other bidder remaining<\/a> for NCMP remaining. <strong>Pharos Holding<\/strong> is sellside advisor to Misr Capital Investment (owner of the NCMP stake on offer), while <strong>CI Capital<\/strong> is advising Cairo Three A Group and <strong>Matouk Bassiouny<\/strong> is its legal counsel. CI Capital says Cairo 3A\u2019s offer values NCMP at EGP 1.33 bn and that its mandatory tender offer is valid for a period of ten working days effective from 8 November 2017 ending 21 November 2017.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>M&#038;A WATCH- The Financial Regulatory Authority (FRA, formerly EFSA) has approved Cairo 3A\u2019s mandatory tender offer to acquire 100% of the shares of the National Company for Maize Products (NCMP) at EGP 45 per share, according to a bourse statement. FRA also rejected an EGP 35.56 per share bid presented by ADM International SARL, a [&hellip;]<\/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-637110","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"b31465a1-7d66-4454-ba1c-2fc9410e9bb4","order":"0","is_powered_by":true,"section_story_id":"07f9b646-13c4-4adb-96ee-ad68f89871b8","story_type":"1","photo_url":"","photo_position":"above","related_issue":[637100],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>FRA approves Cairo 3A\u2019s bid for NCMP, rejects rival offer from ADM; NCMP valued at EGP 1.33 bn - 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\/11\/08\/fra-approves-cairo-3as-bid-for-ncmp-rejects-rival-offer-from-adm-ncmp-valued-at-egp-1-33-bn\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"FRA approves Cairo 3A\u2019s bid for NCMP, rejects rival offer from ADM; NCMP valued at EGP 1.33 bn\" \/>\n<meta property=\"og:description\" content=\"M&amp;A WATCH- The Financial Regulatory Authority (FRA, formerly EFSA) has approved Cairo 3A\u2019s mandatory tender offer to acquire 100% of the shares of the National Company for Maize Products (NCMP) at EGP 45 per share, according to a bourse statement. FRA also rejected an EGP 35.56 per share bid presented by ADM International SARL, a [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2017\/11\/08\/fra-approves-cairo-3as-bid-for-ncmp-rejects-rival-offer-from-adm-ncmp-valued-at-egp-1-33-bn\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2017-11-08T04:04:20+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\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/11\/08\/fra-approves-cairo-3as-bid-for-ncmp-rejects-rival-offer-from-adm-ncmp-valued-at-egp-1-33-bn\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/11\/08\/fra-approves-cairo-3as-bid-for-ncmp-rejects-rival-offer-from-adm-ncmp-valued-at-egp-1-33-bn\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"FRA approves Cairo 3A\u2019s bid for NCMP, rejects rival offer from ADM; 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The Financial Regulatory Authority (FRA) had rejected\u2026","rel":"","context":"In &quot;Speed Round&quot;","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":637410,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/11\/15\/fra-rejects-adms-counter-offer-for-ncmp\/","url_meta":{"origin":637110,"position":1},"title":"FRA rejects ADM\u2019s counter offer for NCMP","author":"enterpriseam admin","date":"15 November 2017","format":false,"excerpt":"M&A WATCH- FRA rejects ADM\u2019s counter offer for NCMP: The Financial Regulatory Authority (FRA) rejected again yesterday Archer Daniel Midland\u2019s (ADM) offer to acquire 100% of the National Company for Maize Products (NCMP), according to a regulatory bourse filing. The statement contains no detail on why the bid was refused,\u2026","rel":"","context":"In &quot;Speed Round&quot;","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":637517,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/11\/19\/major-ncmp-shareholders-accept-cairo-three-a-mto-adm-might-remain-in-pursuit\/","url_meta":{"origin":637110,"position":2},"title":"Major NCMP shareholders accept Cairo Three A MTO, ADM might remain in pursuit","author":"enterpriseam admin","date":"19 November 2017","format":false,"excerpt":"M&A WATCH- Major NCMP shareholders accept Cairo Three A MTO, ADM might remain in pursuit: National Company for Maize Products (NCMP) shareholders Misr Capital Investments and National Bank of Egypt have accepted Cairo Three A\u2019s mandatory tender offer to acquire their stakes in the company at EGP 51 per share,\u2026","rel":"","context":"In &quot;Speed Round&quot;","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":637457,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/11\/16\/cairo-three-a-submits-higher-offer-for-nmpc-adm-to-petition-fra\/","url_meta":{"origin":637110,"position":3},"title":"Cairo Three A submits higher offer for NMPC, ADM to petition FRA","author":"enterpriseam admin","date":"16 November 2017","format":false,"excerpt":"M&A WATCH- Cairo Three A submits higher offer for NCMP, ADM to petition FRA: Cairo Three A submitted yesterday a higher offer of EGP 51 per share for the acquisition of 100% of the National Company for Maize Products (NCMP), the Financial Regulatory Authority (FRA) announced yesterday (pdf). This comes\u2026","rel":"","context":"In &quot;Speed Round&quot;","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":637167,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/11\/09\/is-it-still-a-horse-race-to-acquire-ncmp\/","url_meta":{"origin":637110,"position":4},"title":"Is it still a horse race to acquire NCMP?","author":"enterpriseam admin","date":"9 November 2017","format":false,"excerpt":"M&A WATCH- Banque Misr, National Bank of Egypt to exit NCMP: Banque Misr plans to sell its 42.9% majority stake in the National Company for Maize Products (NCMP) through Misr Financial Investment Company, Al Mal reports. The National Bank of Egypt will also exit its 9.6% stake in the company\u2026","rel":"","context":"In &quot;Speed Round&quot;","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":638785,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/10\/15\/ific-withdraws-bid-to-acquire-ncmp\/","url_meta":{"origin":637110,"position":5},"title":"IFIC withdraws bid to acquire NCMP","author":"enterpriseam admin","date":"15 October 2017","format":false,"excerpt":"M&A WATCH- Egypt Kuwait Holding (EKH) subsidiary International Financial Investments Company (IFIC) has reportedly withdrawn its bid to acquire National Company for Maize Products (NCMP), Al Mal reports. Sources said IFIC did not finish the due diligence process because of the bureaucracy and the length of time associated with the\u2026","rel":"","context":"In &quot;Speed Round&quot;","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\/637110","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=637110"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/637110\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/637100"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=637110"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=637110"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=637110"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=637110"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=637110"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}