{"id":641835,"date":"2024-09-03T00:00:00","date_gmt":"2024-09-03T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2024\/09\/03\/cairo-housing-and-parent-company-eye-raising-stake-in-united-housing-to-90-through-mto\/"},"modified":"2024-09-03T00:00:00","modified_gmt":"2024-09-03T00:00:00","slug":"cairo-housing-and-parent-company-eye-raising-stake-in-united-housing-to-90-through-mto","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2024\/09\/03\/cairo-housing-and-parent-company-eye-raising-stake-in-united-housing-to-90-through-mto\/","title":{"rendered":"Cairo Housing and parent company eye raising stake in United Housing to 90% through MTO"},"content":{"rendered":"

Cairo Housing wants in on United Housing: <\/strong>EGX-listed real estate player Cairo<\/a><\/a>Housing and Developme<\/a>nt<\/a> will submit an MTO for a stake in United for Housing and Development via share swap after its board greenlit the move, according to an EGX disclosure (pdf)<\/a>. <\/p>\n

How much are they after? <\/strong>The percentage stake Cairo Housing is after remains unclear, as it is looking to increase its parent company and its subsidiaries\u2019 stake in United to up to 90%. Aspire and its subsidiaries own a combined minority 49.9<\/a>% stake<\/a> in United. <\/p>\n

Share swap details:<\/strong> If the transaction moves forward, the share swap will happen at a ratio of one United share to three Cairo Housing shares. <\/p>\n

What\u2019s next?<\/strong> Cairo Housing\u2019s extraordinary general assembly will meet to discuss increasing the company\u2019s capital through issuing more shares. <\/p>\n","protected":false},"excerpt":{"rendered":"

If the transaction moves forward, the share swap will happen at a ratio of one United share to three Cairo Housing shares<\/p>\n","protected":false},"author":1,"featured_media":641836,"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":[7363],"tags":[72,7128,83],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-641835","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ma-watch","tag-enterpriseam","tag-ma-watch","tag-real-estate","wpautop","entry"],"acf":{"mongo_id":"656bedfa-18ec-4ddb-8981-808be82b8d62","order":"8","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/2\/539.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Cairo Housing and parent company eye raising stake in United Housing to 90% through MTO","related_issue":[641822],"teaser":"If the transaction moves forward, the share swap will happen at a ratio of one United share to three Cairo Housing shares","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/9\/.5195e6d2-467c-44f2-a5d4-313bc0454b7c.mp3"},"yoast_head":"\nCairo Housing and parent company eye raising stake in United Housing to 90% through 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\/2024\/09\/03\/cairo-housing-and-parent-company-eye-raising-stake-in-united-housing-to-90-through-mto\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Cairo Housing and parent company eye raising stake in United Housing to 90% through MTO\" \/>\n<meta property=\"og:description\" content=\"If the transaction moves forward, the share swap will happen at a ratio of one United share to three Cairo Housing shares\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2024\/09\/03\/cairo-housing-and-parent-company-eye-raising-stake-in-united-housing-to-90-through-mto\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2024-09-03T00:00:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/539.jpg?fit=%2C&ssl=1\" \/>\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\/2024\/09\/03\/cairo-housing-and-parent-company-eye-raising-stake-in-united-housing-to-90-through-mto\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2024\/09\/03\/cairo-housing-and-parent-company-eye-raising-stake-in-united-housing-to-90-through-mto\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Cairo Housing and parent company eye raising stake in United Housing to 90% through MTO\",\"datePublished\":\"2024-09-03T00:00:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2024\/09\/03\/cairo-housing-and-parent-company-eye-raising-stake-in-united-housing-to-90-through-mto\/\"},\"wordCount\":148,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2024\/09\/03\/cairo-housing-and-parent-company-eye-raising-stake-in-united-housing-to-90-through-mto\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/539.jpg?fit=%2C&ssl=1\",\"keywords\":[\"EnterpriseAM\",\"M&A Watch\",\"real estate\"],\"articleSection\":[\"M&A WATCH\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2024\/09\/03\/cairo-housing-and-parent-company-eye-raising-stake-in-united-housing-to-90-through-mto\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2024\/09\/03\/cairo-housing-and-parent-company-eye-raising-stake-in-united-housing-to-90-through-mto\/\",\"name\":\"Cairo Housing and parent company eye raising stake in United Housing to 90% through MTO - 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The five companies include two real estate\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":567197,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/01\/15\/pioneers-holding-submits-mto-for-five-subsidiaries\/","url_meta":{"origin":641835,"position":2},"title":"Pioneers Holding submits MTO for five subsidiaries","author":"enterpriseam admin","date":"15 January 2020","format":false,"excerpt":"M&A WATCH- Pioneers Holding submits MTO for five of its subsidiaries: Pioneers Holding has submitted its mandatory tender offer (MTO) for a 90% stake in five of its subsidiaries, according to a Financial Regulatory Authority (FRA) statement to the EGX (pdf). The subsidiaries are El Giza General Co. For Contracting\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":657136,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/12\/16\/catalyst-partners-spac-looks-to-acquire-qardy-through-share-swap\/","url_meta":{"origin":641835,"position":3},"title":"Catalyst Partners\u2019 SPAC looks to acquire Qardy through share swap","author":"enterpriseam admin","date":"16 December 2024","format":false,"excerpt":"Qardy is Egypt's first online lending marketplace connecting financial institutions with MSMEs","rel":"","context":"In "M&A WATCH"","block_context":{"text":"M&A WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/ma-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/11\/312.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":569872,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/03\/10\/pioneers-holding-to-move-ahead-with-five-way-mto-after-lowering-share-price\/","url_meta":{"origin":641835,"position":4},"title":"Pioneers Holding to move ahead with five-way MTO after lowering share price","author":"enterpriseam admin","date":"10 March 2020","format":false,"excerpt":"M&A WATCH- Pioneers Holding to move ahead with its five-way MTO after lowering share swap price: Pioneers Holding has decided to proceed with acquiring new stakes in five of its subsidiaries despite the Financial Regulatory Authority (FRA) requesting that it lower the share prices from the valuation submitted earlier this\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":568059,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/12\/16\/odh-sells-affordable-housing-arm\/","url_meta":{"origin":641835,"position":5},"title":"ODH sells affordable housing arm","author":"enterpriseam admin","date":"16 December 2020","format":false,"excerpt":"An unnamed UK-based fund has acquired 100% of New City Housing and Development for EGP 365 mn, Al Mal reports citing unnamed sources familiar with the agreement. The fund, which is reportedly owned by an unnamed Egyptian businessman, purchased a 35.2% stake previously held by Samih Sawiris\u2019 Orascom Development Holding\u2026","rel":"","context":"In "M&A WATCH"","block_context":{"text":"M&A WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/ma-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/12\/289.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/641835","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=641835"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/641835\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/641822"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/641836"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=641835"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=641835"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=641835"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=641835"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=641835"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}