{"id":637416,"date":"2017-11-15T04:14:04","date_gmt":"2017-11-15T04:14:04","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/11\/15\/suez-cement-approves-helwan-cement-merger-to-sell-up-to-5-of-tourah-cement\/"},"modified":"2017-11-15T04:14:04","modified_gmt":"2017-11-15T04:14:04","slug":"suez-cement-approves-helwan-cement-merger-to-sell-up-to-5-of-tourah-cement","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/11\/15\/suez-cement-approves-helwan-cement-merger-to-sell-up-to-5-of-tourah-cement\/","title":{"rendered":"Suez Cement approves Helwan Cement merger, to sell up to 5% of Tourah Cement"},"content":{"rendered":"

The Suez Cement Company gave a preliminary nod yesterday to merging the Helwan <\/strong>Cement Company\u2019s operations into its own<\/strong>, according to an EGX filing (pdf<\/a>). The company will be working on determining the legal and financial framework and setting a timeline for the transaction before bringing the matter to the general assembly for a vote. The company also plans to sell up to 5% of Tourah Cement. Details on the size of either transaction have not yet emerged.<\/p>\n","protected":false},"excerpt":{"rendered":"

The Suez Cement Company gave a preliminary nod yesterday to merging the Helwan Cement Company\u2019s operations into its own, according to an EGX filing (pdf). The company will be working on determining the legal and financial framework and setting a timeline for the transaction before bringing the matter to the general assembly for a vote. […]<\/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-637416","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"e6eb46be-182b-49bd-8add-4f682904c217","order":"0","is_powered_by":true,"section_story_id":"93632b79-ea97-4d47-bf47-9c21be93b69a","story_type":"1","photo_url":"","photo_position":"above","related_issue":[637395],"teaser":"","voice_url":""},"yoast_head":"\nSuez Cement approves Helwan Cement merger, to sell up to 5% of Tourah Cement - 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\/15\/suez-cement-approves-helwan-cement-merger-to-sell-up-to-5-of-tourah-cement\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Suez Cement approves Helwan Cement merger, to sell up to 5% of Tourah Cement\" \/>\n<meta property=\"og:description\" content=\"The Suez Cement Company gave a preliminary nod yesterday to merging the Helwan Cement Company\u2019s operations into its own, according to an EGX filing (pdf). The company will be working on determining the legal and financial framework and setting a timeline for the transaction before bringing the matter to the general assembly for a vote. […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2017\/11\/15\/suez-cement-approves-helwan-cement-merger-to-sell-up-to-5-of-tourah-cement\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2017-11-15T04:14:04+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\/11\/15\/suez-cement-approves-helwan-cement-merger-to-sell-up-to-5-of-tourah-cement\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/11\/15\/suez-cement-approves-helwan-cement-merger-to-sell-up-to-5-of-tourah-cement\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Suez Cement approves Helwan Cement merger, to sell up to 5% of Tourah Cement\",\"datePublished\":\"2017-11-15T04:14:04+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/11\/15\/suez-cement-approves-helwan-cement-merger-to-sell-up-to-5-of-tourah-cement\/\"},\"wordCount\":91,\"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\/11\/15\/suez-cement-approves-helwan-cement-merger-to-sell-up-to-5-of-tourah-cement\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2017\/11\/15\/suez-cement-approves-helwan-cement-merger-to-sell-up-to-5-of-tourah-cement\/\",\"name\":\"Suez Cement approves Helwan Cement merger, to sell up to 5% of Tourah Cement - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"datePublished\":\"2017-11-15T04:14:04+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/11\/15\/suez-cement-approves-helwan-cement-merger-to-sell-up-to-5-of-tourah-cement\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2017\/11\/15\/suez-cement-approves-helwan-cement-merger-to-sell-up-to-5-of-tourah-cement\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/11\/15\/suez-cement-approves-helwan-cement-merger-to-sell-up-to-5-of-tourah-cement\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Suez Cement approves Helwan Cement merger, to sell up to 5% of Tourah Cement\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"name\":\"EnterpriseAM\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\",\"name\":\"EnterpriseAM\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/240894.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/240894.svg\",\"caption\":\"EnterpriseAM\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\",\"name\":\"enterpriseam admin\",\"sameAs\":[\"http:\/\/enterpriseam.testing.projectsarea.com\"],\"url\":\"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Suez Cement approves Helwan Cement merger, to sell up to 5% of Tourah Cement - EnterpriseAM Egypt","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/egypt\/2017\/11\/15\/suez-cement-approves-helwan-cement-merger-to-sell-up-to-5-of-tourah-cement\/","og_locale":"en_US","og_type":"article","og_title":"Suez Cement approves Helwan Cement merger, to sell up to 5% of Tourah Cement","og_description":"The Suez Cement Company gave a preliminary nod yesterday to merging the Helwan Cement Company\u2019s operations into its own, according to an EGX filing (pdf). The company will be working on determining the legal and financial framework and setting a timeline for the transaction before bringing the matter to the general assembly for a vote. […]","og_url":"https:\/\/enterpriseam.com\/egypt\/2017\/11\/15\/suez-cement-approves-helwan-cement-merger-to-sell-up-to-5-of-tourah-cement\/","og_site_name":"EnterpriseAM Egypt","article_published_time":"2017-11-15T04:14:04+00:00","author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/egypt\/2017\/11\/15\/suez-cement-approves-helwan-cement-merger-to-sell-up-to-5-of-tourah-cement\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/2017\/11\/15\/suez-cement-approves-helwan-cement-merger-to-sell-up-to-5-of-tourah-cement\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"Suez Cement approves Helwan Cement merger, to sell up to 5% of Tourah Cement","datePublished":"2017-11-15T04:14:04+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2017\/11\/15\/suez-cement-approves-helwan-cement-merger-to-sell-up-to-5-of-tourah-cement\/"},"wordCount":91,"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\/11\/15\/suez-cement-approves-helwan-cement-merger-to-sell-up-to-5-of-tourah-cement\/","url":"https:\/\/enterpriseam.com\/egypt\/2017\/11\/15\/suez-cement-approves-helwan-cement-merger-to-sell-up-to-5-of-tourah-cement\/","name":"Suez Cement approves Helwan Cement merger, to sell up to 5% of Tourah Cement - EnterpriseAM Egypt","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/#website"},"datePublished":"2017-11-15T04:14:04+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/egypt\/2017\/11\/15\/suez-cement-approves-helwan-cement-merger-to-sell-up-to-5-of-tourah-cement\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/egypt\/2017\/11\/15\/suez-cement-approves-helwan-cement-merger-to-sell-up-to-5-of-tourah-cement\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/egypt\/2017\/11\/15\/suez-cement-approves-helwan-cement-merger-to-sell-up-to-5-of-tourah-cement\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/egypt\/"},{"@type":"ListItem","position":2,"name":"Suez Cement approves Helwan Cement merger, to sell up to 5% of Tourah Cement"}]},{"@type":"WebSite","@id":"https:\/\/enterpriseam.com\/egypt\/#website","url":"https:\/\/enterpriseam.com\/egypt\/","name":"EnterpriseAM","description":"The State of the Nation","publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/enterpriseam.com\/egypt\/#organization","name":"EnterpriseAM","url":"https:\/\/enterpriseam.com\/egypt\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/","url":"https:\/\/ent.news\/internal\/240894.svg","contentUrl":"https:\/\/ent.news\/internal\/240894.svg","caption":"EnterpriseAM"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d","name":"enterpriseam admin","sameAs":["http:\/\/enterpriseam.testing.projectsarea.com"],"url":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"}]}},"featured_image_src":null,"featured_image_src_square":null,"author_info":{"display_name":"enterpriseam admin","author_link":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":575046,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/09\/30\/suez-cement-submits-mto-for-100-of-subsidiary-tourah-cement\/","url_meta":{"origin":637416,"position":0},"title":"Suez Cement submits MTO for 100% of subsidiary Tourah Cement","author":"enterpriseam admin","date":"30 September 2020","format":false,"excerpt":"M&A WATCH- HeidelbergCement looks to acquire 100% of subsidiary Suez Cement: Suez Cement\u2019s German parent company HeidelbergCement has submitted a mandatory tender offer to the Financial Regulatory Authority (FRA) for the remaining 33% stake it doesn\u2019t already own in the company, according to a regulatory filing. The MTO is for\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\/9\/331.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":600090,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/01\/20\/egypts-helwan-cement-to-sell-white-plant-to-emaar-for-egp-694-5-mn\/","url_meta":{"origin":637416,"position":1},"title":"Egypt\u2019s Helwan Cement to sell white plant to Emaar for EGP 694.5 mn","author":"enterpriseam admin","date":"20 January 2019","format":false,"excerpt":"M&A WATCH- Helwan Cement to sell white plant to Emaar for EGP 694.5 mn: Helwan Cement reached an agreement to sell its white cement plant to Emaar Industries for EGP 694.5 mn, according to a bourse filing (pdf) by its parent company Suez Cement on Thursday. Helwan Cement will split\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":621357,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/11\/06\/helwan-cement-signs-off-white-plant-sale\/","url_meta":{"origin":637416,"position":2},"title":"Helwan Cement signs off white plant sale","author":"enterpriseam admin","date":"6 November 2018","format":false,"excerpt":"M&A WATCH- Helwan Cement EGM signs off its white plant sale: The extraordinary general assembly of the Helwan Cement has signed off an agreement to sell its white cement plant to Emaar Industries, parent company Suez Cement said in a disclosure to the EGX on Monday (pdf)on Monday. Helwan Cement\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":624541,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/09\/12\/helwan-cement-agrees-to-sell-minya-plant-to-emaar-industries\/","url_meta":{"origin":637416,"position":3},"title":"Helwan Cement agrees to sell Minya plant to Emaar Industries","author":"enterpriseam admin","date":"12 September 2018","format":false,"excerpt":"**#8 M&A WATCH- Suez Cement to sell Minya white cement plant to Emaar Industries: Suez Cement subsidiary Helwan Cement has agreed to sell its white cement plant in Minya to Emaar Industries, the company said in a statement (pdf). The transaction comes as Suez Cement looks to continue to bolster\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":575420,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/10\/14\/egypts-fra-approves-heidelbergcement-suez-cement-mtos-for-subsidiaries\/","url_meta":{"origin":637416,"position":4},"title":"Egypt\u2019s FRA approves HeidelbergCement, Suez Cement MTOs for subsidiaries","author":"enterpriseam admin","date":"14 October 2020","format":false,"excerpt":"M&A WATCH- HeidelbergCement and Suez Cement\u2019s MTOs for the remaining stakes in their subsidiaries got the regulatory greenlight from the Financial Regulatory Authority (FRA) yesterday, according to two separate regulatory filings (here and here \u2014 pdfs). HeidelbergCement is lodging a mandatory tender offer for 33% of its Egypt subsidiary, Suez\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":595964,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/08\/15\/earnings-watch-raya-holding-domty-suez-cement-tourah-cement\/","url_meta":{"origin":637416,"position":5},"title":"Earnings watch: Raya Holding, Domty, Suez Cement, Tourah Cement","author":"enterpriseam admin","date":"15 August 2019","format":false,"excerpt":"EARNINGS WATCH: Domty 2Q2019 net profits fall 35% y-o-y: Arabian Food Industries (Domty) reported 2Q2019 net income of EGP 37.5 mn, compared to EGP 57.7 mn a year earlier, the company said in a bourse filing (pdf). Revenues came in at EGP 646.8 mn, compared to EGP 693.4 mn during\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\/637416","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=637416"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/637416\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/637395"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=637416"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=637416"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=637416"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=637416"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=637416"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}