{"id":642241,"date":"2017-08-09T04:12:12","date_gmt":"2017-08-09T04:12:12","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/08\/09\/reacap-and-wadi-degla-merger\/"},"modified":"2017-08-09T04:12:12","modified_gmt":"2017-08-09T04:12:12","slug":"reacap-and-wadi-degla-merger","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/08\/09\/reacap-and-wadi-degla-merger\/","title":{"rendered":"Reacap and Wadi Degla Merger"},"content":{"rendered":"

Naeem subsidiary Reacap will merge with Wadi Degla Development to create an entit<\/strong>y <\/strong>worth EGP 3.5 bn<\/strong>, according to Reuters<\/a>. The agreement will see Degla constituting 74% of the new entity and Reacap the rest. Reacap will run a capital increase of 300 mn shares at EGP 11 a share to execute the merger, which should be done by the end of the year. The real estate portfolio of the new entity will stand at around 6 mn sqm, of which 4 mn sqm will be under development and 2 mn sqm undeveloped.<\/p>\n","protected":false},"excerpt":{"rendered":"

Naeem subsidiary Reacap will merge with Wadi Degla Development to create an entity worth EGP 3.5 bn, according to Reuters. The agreement will see Degla constituting 74% of the new entity and Reacap the rest. Reacap will run a capital increase of 300 mn shares at EGP 11 a share to execute the merger, which […]<\/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-642241","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"957fc412-4336-46c9-a9a0-ad2e2afde5b3","order":"0","is_powered_by":true,"section_story_id":"3282ca9b-dcb2-4cc5-bdea-79c380e5a26c","story_type":"1","photo_url":"","photo_position":"above","related_issue":[642231],"teaser":"","voice_url":""},"yoast_head":"\nReacap and Wadi Degla Merger - 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\/08\/09\/reacap-and-wadi-degla-merger\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Reacap and Wadi Degla Merger\" \/>\n<meta property=\"og:description\" content=\"Naeem subsidiary Reacap will merge with Wadi Degla Development to create an entity worth EGP 3.5 bn, according to Reuters. The agreement will see Degla constituting 74% of the new entity and Reacap the rest. Reacap will run a capital increase of 300 mn shares at EGP 11 a share to execute the merger, which […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2017\/08\/09\/reacap-and-wadi-degla-merger\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2017-08-09T04:12:12+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\/08\/09\/reacap-and-wadi-degla-merger\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/08\/09\/reacap-and-wadi-degla-merger\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Reacap and Wadi Degla Merger\",\"datePublished\":\"2017-08-09T04:12:12+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/08\/09\/reacap-and-wadi-degla-merger\/\"},\"wordCount\":92,\"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\/08\/09\/reacap-and-wadi-degla-merger\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2017\/08\/09\/reacap-and-wadi-degla-merger\/\",\"name\":\"Reacap and Wadi Degla Merger - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"datePublished\":\"2017-08-09T04:12:12+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/08\/09\/reacap-and-wadi-degla-merger\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2017\/08\/09\/reacap-and-wadi-degla-merger\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/08\/09\/reacap-and-wadi-degla-merger\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Reacap and Wadi Degla Merger\"}]},{\"@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":"Reacap and Wadi Degla Merger - 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\/08\/09\/reacap-and-wadi-degla-merger\/","og_locale":"en_US","og_type":"article","og_title":"Reacap and Wadi Degla Merger","og_description":"Naeem subsidiary Reacap will merge with Wadi Degla Development to create an entity worth EGP 3.5 bn, according to Reuters. 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News of the merger was out earlier this month and it should be completed by year-end if approvals go through.","rel":"","context":"In "Real Estate + Housing"","block_context":{"text":"Real Estate + Housing","link":"https:\/\/enterpriseam.com\/egypt\/category\/real-estate-housing\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":649411,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/10\/09\/smart-villages-to-make-its-egx-debut-in-an-ipo-next-year\/","url_meta":{"origin":642241,"position":2},"title":"Smart Villages to make its EGX debut in an IPO next year","author":"enterpriseam admin","date":"9 October 2024","format":false,"excerpt":"Smart Villages plans to offer a 30-35% stake in an IPO on the EGX in 1H 2025","rel":"","context":"In "IPO"","block_context":{"text":"IPO","link":"https:\/\/enterpriseam.com\/egypt\/category\/business\/ipo-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/10\/660.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":648422,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/04\/03\/wadi-degla-developments-launches-egp-2-bn-residential-project\/","url_meta":{"origin":642241,"position":3},"title":"Wadi Degla Developments launches EGP 2 bn residential project","author":"enterpriseam admin","date":"3 April 2017","format":false,"excerpt":"Wadi Degla Developments is launching a new EGP 2 bn residential project in Ain Sokhna, CEO Maged Helmy announced at the CityScape Egypt real estate conference yesterday, Al Mal reports. 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